The USDCHF approaches the target – Analysis - 01-08-2019

2019-08-01 04:59:01 GMT (Economies.com)
The USDCHF approaches the target – Analysis - 01-08-2019
 

The USDCHF pair rallied upwards yesterday to move away from the EMA50, starting today with more rise to approach our main waited target at 0.9990, to continue moving inside the bullish channel that appears on the chart, expecting to breach the mentioned level to test the mentioned channel’s resistance at 1.0050 as a next station.

 

Therefore, we suggest the continuation of the bullish bias for today conditioned by the price stability above 0.9900.

 

The expected trading range for today is between 0.9900 support and 1.0050 resistance.

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1103
0.0005
0.0451%
1.2123
-0.0031
0.2571%
16.986
-0.118
0.690%
55.535
0.735
1.341%
59.30
0.66
1.13%
1501.200
-11.065
0.732%
 
 
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