VasilyTrader

USDCHF: Confirmed Bullish Reversal🇺🇸🇨🇭

OANDA:USDCHF   U.S. Dollar / Swiss Franc

USDCHF reached an important confluence zone last week.
We see a nice intersection between a daily horizontal support and a
lower boundary of a falling parallel channel on a daily.

Analyzing 12H time frame, we can spot an inverted head and shoulders formation.
The neckline of the pattern was broken with a high momentum bullish candle on Friday.

It confirms the strength of the buyers and a highly probable bullish continuation.

Next resistance - 0.885

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