Although the USDCHF
is very comparable to the EURUSD
I like this pair even better. The previous move lower is impulsive and the current price action is corrective. This sideways price action can also unfold into the shape of a leading diagonal
but that's not my preferred scenario for now.
I will watch for the break and will update this pair this week. The minimum target for a short will be at least 0.98 but likely even lower.