The USDCHF gathers the positive momentum – Analysis - 25-07-2019

Economies.com
2019-07-25 06:25AM UTC

The USDCHF pair fluctuates around the EMA50, keeping its stability above 0.9836, while stochastic managed to get rid of its negative momentum and approach the oversold areas, which forms positive motive that we are waiting to assist to push the price to resume the bullish bias, which its next target located at 0.9880.

 

We remind you that breaching the targeted level will push the price to head towards 0.9990 as a next main station, while the expected rise will remain valid conditioned by the price stability above 0.9836.

 

The expected trading range for today is between 0.9820 support and 0.9940 resistance.

The expected trend for today: Bullish

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