USDCHF Daily Forecast: February 15

The USDCHF continued its bearish momentum last week bottomed at 0.9660 but closed higher at 0.9771. The bias is bullish in nearest term testing 0.9820/50 which is a good place to sell with a tight stop loss targeting 0.9600 – 0.9570 area. Immediate support is seen around 0.9750. A clear break below that area could lead price to neutral zone in nearest term testing 0.9700 or lower. Overall I remain bearish and any upside pullback should be seen as a good opportunity to sell.