After strong downward impulse, Swiss Franc can bounce to 0.8750

Hello traders, I want share with you my opinion about Swiss Franc. Observing the chart, we can see how the price a few days ago rose inside the upward channel, in which it broke 0.8910 resistance level with the resistance area. But later, after the price reached the resistance line of the channel, it bounced and made little correction, exiting from the upward channel. Next, the price rose to the resistance line and started to decline to the resistance level near this line. After the price fell to the 0.8910 level, the Swiss Franc made a strong downward impulse to support area 0.8640 - 0.8610, which coincides with the support level, thereby breaking this level. But a not long time ago, the price bounced up and now trades near the 0.8640 support level. I think the Swiss Franc can first fall to the support level and then bounce from it and start to move up. Therefore I set my target at 0.8750 level. Please share this idea with your friends and click Boost 🚀