#USDCHF is trading inside a major support confluence zone after breaking above its medium-term descending trendline 👀
Price is now retesting the breakout structure while holding near the ascending trendline and the 0.5–0.618 Fibonacci retracement area — a strong technical combination that keeps the bullish setup valid 🔥
As long as buyers defend this demand zone, the probability of a bullish continuation toward higher targets remains strong. However, a clear daily close below this support region would invalidate the bullish outlook and shift momentum back in favor of sellers.
Price is now retesting the breakout structure while holding near the ascending trendline and the 0.5–0.618 Fibonacci retracement area — a strong technical combination that keeps the bullish setup valid 🔥
As long as buyers defend this demand zone, the probability of a bullish continuation toward higher targets remains strong. However, a clear daily close below this support region would invalidate the bullish outlook and shift momentum back in favor of sellers.
