USDCHF breaches the resistance – Analysis - 19-02-2018

The USDCHF pair traded with clear positivity in the previous sessions to breach 0.9254 level and settle above it, which might push the price to visit the bearish channel’s resistance that appears on the chart at 0.9350 before turning back to decline again.

Therefore, the price might witness some temporary bullish bias before resuming the bearish trend again, to continue suggesting the domination of the overall bearish trend unless breaching 0.9350 level and settilng above it, noting that breaking 0.9254 will push the price to resume its bearish track without the need to the suggested temporary rise.

Expected trading range for today is between 0.9200 support and 0.9350 resistance.

Expected trend for today: Bullish temporarily