USD CHF is facing a solid resistance – Analysis - 31/07/2015
Economies.com
2015-07-31 04:56AM UTC
The USDCHF pair managed to touch our first main target at 0.9700, noticing that the price found solid resistance there, which forces it to bounce bearishly temporarily now, as stochastic gains clear positive momentum reaching the oversold levels, which supports the chances of resuming the overall bullish trend, which its next main target located at 1.0000.
The EMA50 keeps supporting the suggested bullish wave, which its continuing requires holding above 0.9540.
Expected trading range for today is between 0.9600 support and 0.9800 resistance.
Expected trend for today: Bullish
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