USDCHF | Approaching to Key Level

USDCHF is trading in a range on daily time frame and approaching to it overhead resistance. This resistance is not broken from April of last year.

Two senarios to look here.

a) Bullish: The price action will take a stop a bit at resistance zone and then starts its upward journey again. The upside looks good if it manages to break the resistance.

b) Bearish: The price action will take a hit and price reverses. One can do short from the top with stoploss on top of resistance.

Trade your levels accordingly.