Weekly overview USDCHF : Possible bounce..

Hello Trader ,

looking at daily chart we can see that price is witnessing strong support at demand zone , which may push price higher towards descending trendline ,

However be aware that clean break and daily close below current support will add bearish pressure on pair and it may continue falling this week..

Our strategy for this week :

Buy on confirmed bounce from support towards trendline resistance , bullish bias remain valid till price remains above demand level ,

In case price manages to close below support in daily chart, look for sell on retest of current support which may act as resistance later.

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