USD CHF rises calmly – Analysis - 28/07/2014

Economies.com
2014-07-28 04:52AM UTC

The USDCHD pair trades with a gradual bullish bias heading towards the first waited target at 0.9130, supported by the EMA50 from below, reinforcing our bullish trend expectations on the intraday basis, being aware that stochastic negativity might cause some temporary sideways fluctuation.

 

We remind you that the continuation of the bullish bias depends on holding above 0.9000 level.

 

Expected trading range for today is between: 0.8970 support and 0.9130 resistance.

 

Expected trend for today: Bullish

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