USD/CHF forecast

   The pair has bounced off level 1.1490 – the side trend’s lower bound. While the market is being traded between levels 1.1400 and 1.1570, we can’t state the certain direction of its movement. So, there are two variants of events to develop:

 

   1. The pair goes under level 1.1400 and then under 1.1325, what speaks about its “bear” intentions and also about developing the downtrend with the target at 1.1035.

 

   2. The pair rises above level 1.1595, what will speak about “bear” intentions as well as about uptrend development and reaching level 1.1790.

 

 

   The pair is being traded along a side trend that is in fact a “flag” trend-continuing figure, which has its higher bound at 1.1810. If the pair drops below level 1.1550, the descending impulse will be amplified. If after that the pair will go under 1.1370, the “flag” figure will be executed and a confident downtrend will start, having the target of dropping at level 1.1035.