USDCHF Daily Forecast: May 24

USDCHF Forecast
The USDCHF attempted to push lower yesterday slipped below 0.9900 but whipsawed to the upside and closed higher at 0.9956. The bias is neutral in nearest term. As you can see on my H1 chart below, price is still moving below the H1 EMA 200 since fell from 1.0055 key resistance suggests a bearish short-term bias but need a clear break below 0.9900 – 0.9870 support area to resume the bearish phase testing 0.9800 area or lower. Immediate resistance is seen around 0.9980. A clear break and daily close above that area would expose 1.0055 region which need to be clearly broken to the upside to reactivate my bullish mode.