USD/CHF: Identifying a Long Opportunity Amidst Sideways Consolidation

Market Structure and Technical Analysis

The USD/CHF pair is currently trading around 0.87547, having seen a modest decline of -0.29% over the last 24 hours. The market's overall trend has been sideways, with price action contained within the day's range of 0.87168 and 0.87926. From a technical standpoint, the structure is clear: we have established support levels at 0.8717 and 0.87, with further strong support around 0.865. On the resistance side, significant levels are observed at 0.8793, 0.88, and 0.885.
My analysis suggests that while the pair is consolidating, there is potential for an upward move from current levels, especially if the immediate support holds. I am looking for a long position, anticipating a bounce from within the current