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
Note
Bearish breakout of supportNote
Bears push the market lower to retest the low of this year
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