No news for the USDCHF – Analysis - 15-10-2019

Economies.com
2019-10-15 04:45AM UTC

The USDCHF pair remains fluctuating near the critical resistance at 0.9990, and the price still within the bullish channel that appears in the image, waiting for breaching the mentioned resistance to reinforce the chances for extending the bullish wave on the short term basis, where its next target at 1.0070.

 

Therefore, we will keep our bullish trend expectations that gets a continuous support from the EMA50 unless breaking 0.9925 level and holding below it.

 

The expected trading range for today is between 0.9915 support and 1.0050 resistance.

The expected trend for today: Bullish

 

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