USD/CHF in the correction phase, but maintaining an upward trend

The USD/CHF pair moved to the correction after long-term growth and rising risks in the stock markets. Despite this, the pair continues to trade in an uptrend. Significant support levels are located at the levels: 1.1070 and 1.1060, from which we can expect the formation of a reversal and the resumption of upward dynamics.

It is worth entering into purchase deals when fixing a pair above the zone 1.0190-1.0200.

After that, the way to resistance levels will open: 1.0240 and 1.0250. A break of support levels: 1.1070 and 1.1060 may indicate a more significant correction.

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Hanzenko Anton

Earn with the help of the trade service on the news Erste News!

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