USDCHF Loses Key Support – Bears Eye the Next Demand Zone

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USDCHF Loses Key Support – Bears Eye the Next Demand ZoneUSD/CHFOANDA:USDCHFPureFX_USDCHF has broken below an important support area, which tells me sellers are starting to take control. Price is also trading below the 200 EMA, adding more confidence to the bearish idea. As long as price stays below the broken support, I'm looking for a move toward the next demand zone around 0.8022. If price climbs back above the broken support, I'll step aside and wait for a better setup. igh-impact news comes out at 8:30 AM. If price hasn't reached your target by then and you don't want the extra volatility, there's nothing wrong with closing the trade early or securing some profits. Protecting your capital is always more important than trying to catch every last pip. As always, wait for confirmation and manage your risk