USDCHF is currently approaching significant structure support.
For next week we have two possible scenarios:
Bearish - if bears break and close below the key support, most likely we will see a bearish continuation to lower structure levels Key support on focus: 0.974 0.970
Bullish - market respects the structure and we will see a pullback. (wait for a reversal pattern before taking any action) Key resistance on focus: 0.988 0.994
Nota
Bearish breakout of support
Nota
Bears push the market lower to retest the low of this year
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