The USDCHF around the moving average – Analysis - 07-05-2019
Economies.com
2019-05-07 02:17AM UTC
The USDCHF pair fluctuates around the EMA50, keeping its stability above the key support 1.0128, which keeps the bullish trend scenario valid for the upcoming period, waiting to visit 1.0310 level mainly.
We should note that breaking 1.0128 and holding below it will press on the price to decline and test 1.0030 level and might extend to 0.9915 before any new attempt to rise.
The expected trading range for today is between 1.0130 support and 1.0220 resistance.
The expected trend for today: Bullish
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