FirstNameHelen

HelenP. I Swiss Franc can back above trend line

Long
FX:USDCHF   U.S. Dollar / Swiss Franc
Hi folks today I'm prepared for you Swiss Franc analytics. A few days ago price bounced from resistance 2 and rose to the trend line and even broke it. But then the Swiss Franc started to decline and firstly it fell to the resistance zone, which coincide with resistance 2 and after some trading there, it broke this level and continue to fall near the trend line to resistance 1. After this movement, the price broke the trend line and soon broke resistance 1 too, and fell below, but recently it bounced to the trend line, thereby making a retest, and now trades close trend line. I expect that price can make a little correction and then bounce up to resistance 1, breaking the trend line again. Then the Swiss Franc can make a retest or at once continue to rise without a retest. For this case, I set my target at 0.8720 level. If you like my analytics you may support me with your like/comment ❤️

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