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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.