USDCHF Daily Forecast: June 07

USDCHF Forecast
The USDCHF failed to continue its bearish momentum yesterday after another failure to break below 0.9825 key support. As long as stay below the EMA 200 the overall short-term pressure remains to the downside but need a clear break below 0.9825 key support to resume the bearish phase testing 0.9780/50 area. The bias is neutral in nearest term. Immediate resistance is seen around 0.9915 located just above the EMA 200. A clear break and daily close above that area would invalidate the bearish phase testing 0.9980 region.