EURCHF first - growth, after - falling to support
At the end of last week, the price bounced off the strong support zone and went up.
The zone is composed of two support lines for July and June 2020, respectively.
The price rose and approached the upper line of a small ascending channel.
In this channel it has been moving since October.
In my opinion, there will be enough support for the price to touch the resistance line at 1.080.
However, then the price will fall in the channel to the support line (it is the lower channel line).
The target is 1.075.
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Share your opinion in the comments and support the idea with likes.
Thank you for your support!
The zone is composed of two support lines for July and June 2020, respectively.
The price rose and approached the upper line of a small ascending channel.
In this channel it has been moving since October.
In my opinion, there will be enough support for the price to touch the resistance line at 1.080.
However, then the price will fall in the channel to the support line (it is the lower channel line).
The target is 1.075.
--------------------
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
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