USDCHF: Two Key Levels to Watch (structure analysis)
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.