Situation:

Based on the long term prospective, after the chf crash at the start of 2015, the price never reached lower then 1.3500.

For this reason i consider this level a very strong support level, from which the price bounced several times,

as shown on the weekly chart.

I expect the price to move higher, infact a bullish candle is formed already on the weekly chart.


Expected rate: 1.3920

Weekly chart:

On the weekly chart i pointed out the main support level, around 1.3500

Daily chart:
On the daily chart a possible scenario is described
Translate to English Show original