The EURCHF begins with new bullish track – Analysis – 16-4-2019
Economies.com
2019-04-16 06:54AM UTC
The EURCHF pair succeeded to get rid of the negative bias domination due to its rally above the bearish channel’s resistance at 1.1318, to hint the preparation to build strong bullish trades in the near term and medium term period.
Therefore, we will depend on 1.1318 level forming solid support against the bullish attempts to expect to get positive momentum by stochastic due to reaching the overbought areas, to target 1.1390 level first, followed by waiting to touch 1.1440 as a first main target of the bullish trades.
The expected trading range for today is between 1.1320 and 1.1390
The expected trend for today: Bullish
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