The USDCHF presses on the support – Analysis - 02-07-2020
Economies.com
2020-07-02 04:37AM UTC
The USDCHF pair tests the key support 0.9456 and keeps its stability above it until now, and as we mentioned in our recent reports, the price needs to hold above this level to keep the bullish trend scenario valid for the upcoming period, which targets 0.9541 level as a first station.
On the other hand, note that breaking 0.9456 will stop the positive scenario and press on the price to decline towards 0.9351 areas initially.
The expected trading range for today is between 0.9400 support and 0.9540 resistance.
The expected trend for today: Bullish
Forex and Currency News
Forex
Fed Chair: Driving down inflation towards target could take longer than expected
2024-04-16 20:10PM UTC
Fed Chair Jerome Powell said in a symposium earlier today that inflation has stiffened and held in ...
Forex
US retail sales beat expectations in March
2024-04-15 12:39PM UTC
US retail sales rose 0.7% in March, beating estimates of a 0.4% increase, while down from 0.9% in ...
Forex
Euro tries to recoup from five-month trough amid bearish outlook
2024-04-15 08:41AM UTC
Euro rose in European trade on Monday against a basket of major rivals amid attempts to recoup from ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 16-04-2024
2024-04-16 09:48AM UTC
GBPUSD Price Forecast The GBPUSD price fluctuates positively now to head towards potential test ...
Forex
The EURUSD price forecast update - 16-04-2024
2024-04-16 09:48AM UTC
EURUSD Price Forecast The EURUSD price finds good support at 1.0600$ barrier, to show some ...
Forex
The EURGBP tends to resume the decline – Forecast today – 16-4-2024
2024-04-16 05:51AM UTC
EURGBP Price Analysis Expected Scenario The EURGBP pair confirmed its affection by the ...