Swiss Franc can fall a little and then continue grow in channelHello traders, I want share with you my opinion about Swiss Franc. Observing the chart, we can see that the price a few days ago rebounded from the current support level and started to decline to the next level, which coincided with the buyer zone. But soon, CHF declined lower than 0.8485 level and declined until to 0.8330 points, after which Swiss Franc turned around and started to move up inside an upward channel. In the channel, the price soon broke the 0.8485 support level again and then in a short time rose to the current support level, which coincided with the support area and resistance line of the channel. But the price didn't fixed and in a short time fell to the support line of the channel, after which CHF turned around and rebounded back to the 0.8710 level. Soon, the price broke this level, some time traded near, and then continued to grow to the resistance line of the upward channel. Recently price bounced from this line and fell below, so I think that Swiss Franc can decline a little more, after which CHF turns around and then starts to move up to the resistance line of the channel. For this case, I set my target at the 0.8900 level, which coincides near the resistance line of the upward channel. Please share this idea with your friends and click Boost 🚀
