Lingrid

USDCHF touched channel border and FALL

Short
FOREXCOM:USDCHF   U.S. Dollar / Swiss Franc
At the very beginning of this year, the price hit the 0.879 support line and reversed its growth. This line is the lower border of the global falling channel in which the price has been moving since 2018. After touching it, the price started to grow and in these two months reached the upper border of the channel - resistance 0.931. Where it is now. This is the 2019 line.

Now I expect that after touching the line, the price will reverse and start falling again in the channel. It will fall near the support zone formed back in July 2020 on price movement corrections and a strong level. So my final target is the 0.918 support zone.

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

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