• Vasily Trader

USDCHF: Two Key Levels to Watch (structure analysis)

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.


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.