The USDCHF hits the second target – Analysis - 02-09-2019

Economies.com
2019-09-02 05:09AM UTC

The USDCHF pair managed to touch our second waited target at 0.9900, getting continuous positive support by the EMA50, to support the expectations of continuing the bullish trend, which its next target located at 0.9990.

 

Therefore, our bullish overview will remain valid conditioned by the price stability above 0.9836, noting that stochastic current negativity might force the price to provide some temporary positive trades before resuming the waited bullish bias.

 

The expected trading range for today is between 0.9836 support and 0.9990 resistance.

The expected trend for today: Bullish

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