U.S. Dollar / Swiss Franc

Short

USDCHF: Two Key Levels to Watch 🇺🇸🇨🇭

By VasilyTrader

Updated

snapshot

Hey traders,

Bears keep pushing USDCHF.
Here are two strong key levels to watch to catch an occasional pullback:

Support 1 - 0.887
To buy with a confirmation, wait for a bull breakout of the underlined channel
Support 2 - 0.8755
Year's low. Being heavily oversold, the price will most likely bounce from this level.

P.S
I guess you noticed that the last two weeks the market is quite strange.
So many false breakouts/violations.
Hopefully soon the market will get back to the norm.

Note

Check my new idea on AUDCHF:

AUDCHF: Long Trade Explained 🇦🇺🇨🇭

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