USD CHF approaches the first target – Analysis - 29/07/2015
Economies.com
2015-07-29 04:16AM UTC
The USDCHF pair approached from our first main waited target at 0.9700, showing some bearish bias affected by stochastic negativity, which reaches the oversold areas now to support the expectations of continuing the main bullish track, which mainly depends on holding above 0.9540 level.
Therefore, we will continue to suggest the bullish trend supported by the EMA50, waiting to breach 0.9700 level to confirm opening the way to head towards the psychological barrier at 1.0000 as a next main target.
Expected trading range for today is between 0.9540 support and 0.9700 resistance.
Expected trend for today: Bullish
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