The USDCHF keeps rising – Analysis - 28-09-2020
Economies.com
2020-09-28 03:57AM UTC
The USDCHF pair continues to rise to reach our waited target at 0.9305, which represents 38.2% Fibonacci correction level fore the entire decline measured from 0.9783 to 0.9009, which means that breaching it will extend the correctional bullish wave to reach 0.9396.
The EMA50 keeps supporting the price from below, which encourage us to suggest more rise in the upcoming sessions, taking into consideration that failing to achieve the required breach will press on the price to rebound bearishly and test 0.9192 areas initially before any new attempt to rise.
The expected trading range for today is between 0.9240 support and 0.9360 resistance.
The expected trend for today: Bullish
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