As We Talked in The Previous Analysis: The USDCHF Price Reached The Resistance Level (0.90848 - 0.91126). Currently, This Key Level is Broken and Becomes a New Support Level. So, I Expect a Bullish Move 📈. -------- TARGET: 0.92050🎯
The bullish breakout seems strong, as the price has been reacting to the level multiple times in the past before the breakout occurred. The pullback to the resistance level that was broken is interesting. I do notice that the buy level might align with the 50% Fibonacci retracement, which is a good sign of bullish momentum coming to the market. I suspect the price might be above the Ichimoku cloud too. Let's see how this plays out. I'll keep an eye on it.