USDCHF Daily Forecast: June 01

USDCHF Forecast
The USDCHF had a bearish momentum yesterday, slipped below 0.9870, bottomed at 0.9826. Price traded higher earlier today in Asian session back above 0.9870. The bias is neutral in nearest term but as long as stay below the H1 EMA 200, the overall short-term bias should remain to the downside. Immediate support is seen around 0.9825. A clear break and daily/weekly close below that area would expose 0.9720 region next week. Immediate resistance is seen around 0.9915. A clear break back above that area would be a threat to the bearish phase testing 0.9980 region.