USDCHF touches the first target – Analysis - 22-02-2017
Economies.com
2017-02-22 05:32AM UTC
The USDCHF pair succeeded to hit our first waited target at 1.0100 and settles there, where the price settles within the bullish channel that appears in the image, which supports the chances for the bullish wave extension to the second target at 1.0157.
Therefore, the bullish trend will remain preferred on the intraday and short term basis supported by the EMA50, unless witnessing clear break and stability below 1.0043, and breaking it represents negative factor that will push the price to stop the current bullish correction then return to decline again.
Expected trading range for today is between 1.0000 support and 1.0157 resistance.
Expected trend for today: Bullish
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