USDCHF Daily Forecast: May 11

USDCHF Forecast
The USDCHF was indecisive yesterday. Price slipped below the bullish channel, bottomed at 0.9995 but closed higher at 1.0026 and now moving back inside the bullish channel as you can see on my H1 chart below. The bias is neutral in nearest term but overall I still prefer a bullish scenario. Immediate resistance is seen around 1.0057. A clear break above that area could trigger further bullish pressure testing 1.0100 or higher. Immediate support is seen around 0.9995 located just above the H1 EMA 200. A clear break and daily/weekly close below that area would interrupt the bullish phase.