FirstNameHelen

HelenP. I Swiss Franc can continue to rise inside from wedge

Long
FX:USDCHF   U.S. Dollar / Swiss Franc
Hi folks today I'm prepared for you Swiss Franc analytics. A small time ago price declined to the 0.8765 support level, which is located inside the support zone, but soon it rebounded and rose to the next level. After the Swiss Franc reached the 0.8870 level, it at once made a correction to the trend line, thereby breaking the 0.8765 support level, but soon the price rolled up and made a strong impulse up to 0.8870 level and also entered to wedge. Next, the price broke this level, which coincided with one more support zone, and then continued to rise to the resistance line of the wedge. But after Swiss Franc rose this line, it rebounded down and declined to the trend line. Also recently price bounced from the trend line and now continues to move up inside the wedge. For my think, the Swiss Franc can make a correction to the trend line and then rebound to the resistance line of the wedge. Therefore I set up my target at the 0.8970 level, which coincides with this line. If you like my analytics you may support me with your like/comment ❤️

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