USDCHF test support and bounces back, boosting the dip buying traders confidence ...Middle East

In my recent video analysis of USDCHF (CLICK HERE), I discussed the pair's movement below the crucial 61.8% Fibonacci retracement level at 0.88186, coinciding with the testing of the Asian session's swing low at 0.8791. I highlighted the risk for traders of a potential rebound above the 61.8% retracement level. However, following a break below 0.8791, the selling pressure intensified, driving the price down to the next significant support zone between 0.8728 and 0.87435. The lowest price reached today was 0.87314, barely 3 pips above the target low, before experiencing a bounce. Currently, the price has risen above the high end of this swing area at 0.87435, offering some relief to dip buyer

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USDCHF test support and bounces back, boosting the dip buying traders confidence ...Middle East

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