USDCHF Daily Forecast: February 10

The USDCHF continued its bearish momentum yesterday bottomed at 0.9694. The bias remains bearish in nearest term testing 0.9600 – 0.9570 area. Immediate resistance is seen around 0.9790. A clear break above that area could lead price to neutral zone in nearest term testing 0.9850 area but overall I remain bearish after the break below the trend line support and any upside pullback should be seen as a good opportunity to sell.