USDCHF growth from strong support

8 בדצמ׳ 2020

The price moves in a descending channel between the support and resistance lines.
The downward movement continues in March (with minimal trend breakouts).
Recently, the price dropped to the support line at 0.889.
The last few days the price has been moving along this line without breaking it.
This line first gave support to the price in March 2020. It immediately stopped the price collapse.
During these half a year, the price made only false breakouts of the line.

I expect the price to rise from the support.
It will come to the resistance level in the middle of the channel.
The target is 0.903.

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