The USDCHF awaits the confirmation – Analysis - 26-02-2019
Economies.com
2019-02-26 05:37AM UTC
The USDCHF pair still stuck between the next trend confirmation levels represented by 0.9990 support and 1.0025 resistance, and as we mentioned yesterday, this support represents the neckline of the head and shoulders’ pattern that appears on the chart, thus, breaking it will press on the price to visit 0.9900 level mainly.
On the other hand, breaching 1.0025 will push the price to resume the main bullish trend that targets the recently recorded top at 1.0128 as a next main station.
Therefore, we will continue with our neutrality until the price confirms breaching one of the above mentioned key levels.
The expected trading range for today is between 0.9940 support and 1.0060 resistance.
The expected trend for today: Neutral
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