USD/CHF: a correctional move is on the way
Looking at higher-timeframe charts, it may be observed that the price has been able to break below the crucial area of support identified on the graph. However, in order to continue its further bearish movements, the price would need to pullback, correct the recent impulse, and then, get ready to head towards the south. Thus, we are monitoring the price action around the local area of freshly-formed support and waiting for further confirmations before entering long positions and potentially aiming for the level highlighted on the graphic. Once that particular area is reached, we will look for entering short positions and aiming towards driving the price to the downside.
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