USDCHF Daily Forecast: May 29

USDCHF Forecast
The USDCHF had a moderate bullish momentum yesterday topped at 0.9958 but closed a little bit lower at 0.9936. The bias is neutral in nearest term. As long as stay below the H1 EMA 200, the short-term bearish bias remains valid but need a clear break below 0.9900 – 0.9870 support area to resume the bearish phase targeting 0.9800 area or lower. On the upside, key short-term resistance is seen around 0.9980. A clear break above that area would retest 1.0055 key resistance which need to be clearly broken to the upside to resume the bullish outlook and reactivate my bullish mode.