USDCHF Daily Forecast: May 14

USDCHF Forecast
The USDCHF attempted to push higher last week, topped at 1.0056 but closed lower at 1.0004. Price broke below the bullish channel and now struggling around the h1 EMA 200 as you can see on my H1 chart below. The bias is bearish in nearest term especially if price able to break below 0.9975 targeting 0.9935/00 region. Immediate resistance is seen around 1.0015. A clear break above that area could lead price to neutral zone in nearest term testing 1.0055 region which need to be clearly broken to the upside to reactivate my bullish mode.