As we all know, bullish momentum has been slowed down and turned into bearish price action recently for USD/CHF.
Yet, price has been bounced-off from the support later today, as USD strengthened as well.
I believe that USD/CHF will be corrected more and 0.99500 levels is not inside the reversal area. Moreover, the downward trend still inside the linear/non-linear channel I have drawn manually.
Therefore, I see todays bounce-off as another SELLING opportunity.
But, be carefull and watch DXY movements as well.
Yet, price has been bounced-off from the support later today, as USD strengthened as well.
I believe that USD/CHF will be corrected more and 0.99500 levels is not inside the reversal area. Moreover, the downward trend still inside the linear/non-linear channel I have drawn manually.
Therefore, I see todays bounce-off as another SELLING opportunity.
But, be carefull and watch DXY movements as well.