USDCHF Daily Forecast: May 21

USDCHF Forecast
The USDCHF had another indecisive movement last week. Price slipped below 0.9960 key support but closed higher and hit 0.9997 earlier today in Asian session. This fact keeps my short term bias in a neutral mode as price is still trapped in a 95-pips range area between 1.0055 – 0.9960 as you can see on my H1 chart below. Immediate resistance is seen around 1.0015. A clear break above that area would expose 1.0055 key resistance which need to be clearly broken to the upside to resume the bullish trend and reactivate my bullish mode. On the downside, a clear break and daily close below 0.9960 would expose 0.9900 – 0.9870 area.