USDCHF Daily Forecast: May 29

USDCHF Forecast
The USDCHF had a bearish momentum yesterday bottomed at 0.9417. The bias is bearish in nearest term especially if price able to make a clear break below the hourly EMA 200 located around 0.9410 testing 0.9350 but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy. Immediate resistance is seen around 0.9470. A clear break above that area could lead price to neutral zone in nearest term testing 0.9540 or higher.

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