USDCHF has been on a strong bearish trend on the daily chart. The day before yesterday’s daily candle made a strong breakout at the level of 0.98055. This is a neckline level of a double top as well.
The price has been heading towards the neckline level to have a correction. The sellers are going to eagerly wait to get a daily bearish reversal candle right at the neckline level to go short on USDCHF.
On the other hand, the price where it had a bounce after the breakout, it is a level of weekly support. It may create a buying pressure and breach the level of resistance. Let us have a poll on this.
