USD/CHF: Positioning for Upside Potential Amidst Range-Bound Trade

Technical Assessment and Long Setup

The USD/CHF pair is currently trading at 0.88018, exhibiting a sideways trend within its recent daily range of 0.87691 to 0.88346. My analysis indicates a potential for upside accumulation, despite the current range-bound conditions. I am establishing a long position with an entry at 0.87913. This entry point positions us strategically above the immediate support at 0.8769, anticipating