USD/CHF Forecast: expect a possible rebound from this level

jpy_1_newsWave Analysis

Perfectly as we stated previously, the Us Dollar is showing signs of potentially not breaking below the daily support level 108.219. As we said earlier, as long as this level protects the lower side, we expect a possible rebound from this level to pick a long position with an ultimate target at 111.068. However, should the price break below 108.219, then this will be a good avenue for long term sellers to pick short positions with an ultimate target at 105.215. A break below this target will push the price further to the lower side but should not go beyond 101.690.

Trade Recommendations:

Wait for a clear buy around 108.719 with a take profit at 111.059

Wait for a clear buy around 108.719

Origin: FreshForex

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