USDCHF Forecast 02 03 2021
During the growth in an uptrend, which originates in December 2020, the price broke through the support zone of 0.904 and then came to the resistance zone. This zone consists of the resistance line of December 2020 and the strong level of 0.918. The price is on the line right now, but I expect it to rise a little more and be able to break it. After that, it touches the level and already from it will unfold in the fall. The price breaks the line again this time during the fall and then drops to the support zone. Thus, my final target is the 0.904 support zone.
During the growth in an uptrend, which originates in December 2020, the price broke through the support zone of 0.904 and then came to the resistance zone. This zone consists of the resistance line of December 2020 and the strong level of 0.918. The price is on the line right now, but I expect it to rise a little more and be able to break it. After that, it touches the level and already from it will unfold in the fall. The price breaks the line again this time during the fall and then drops to the support zone. Thus, my final target is the 0.904 support zone.