USDCHF Short o Long?

1 May 2023

On this pair, we have a resistance zone at level 0.896, a truly strong area in which the price has already generated over 3 false breakouts. My analysis suggests a short opportunity starting from the highest supply level, or in case of Swiss franc strength, I foresee a long opportunity if the price reaches the 89.00 psychological level and the lowest demand zone.

Let me know what you think in the comments.

Have a nice trading.

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