USDCHF has officially broken out of the 0.82485 consolidation zone. Based on structure and momentum, we could be seeing a deeper pullback toward 0.83366, which has been a key level historically and would make sense for retesting the bearish structure.
If price fails to reach that level or rejects sooner, I’ll be watching for continuation setups below 0.81394 and 0.80464. A clean break and retest of either would offer strong selling opportunities targeting 0.70517 for a longer-term swing setup.
Momentum remains bearish, so staying patient for high-quality entries is key.
If price fails to reach that level or rejects sooner, I’ll be watching for continuation setups below 0.81394 and 0.80464. A clean break and retest of either would offer strong selling opportunities targeting 0.70517 for a longer-term swing setup.
Momentum remains bearish, so staying patient for high-quality entries is key.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.