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  • 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.


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.

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