USDCHF 4HR 8/25/19
USDCHF 4HR
8/25/19
Price action has fallen from the upper trendline after trade war news erupted last Friday. We are expecting new lows for USDCHF followed by a projected bounce from a key level.
Currently a minor support level is being tested at 0.97250, if this level breaks we will target our next level of support around 0.96800. This level has potential for a bounce so watch carefully and look for confirmations.
If the 0.96800 area is broken, we will look toward our weekly support level at 0.95000
myforexleague.net
8/25/19
Price action has fallen from the upper trendline after trade war news erupted last Friday. We are expecting new lows for USDCHF followed by a projected bounce from a key level.
Currently a minor support level is being tested at 0.97250, if this level breaks we will target our next level of support around 0.96800. This level has potential for a bounce so watch carefully and look for confirmations.
If the 0.96800 area is broken, we will look toward our weekly support level at 0.95000
myforexleague.net
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