The USDCHF tests the support – Analysis - 20-09-2019

Economies.com
2019-09-20 05:05AM UTC

The USDCHF pair returns to test the intraday bullish channel’s support, and the EMA50 provides a good positive support for the price, keeping the bullish trend scenario valid in the upcoming period, waiting for getting enough positive motive to push the price to breach 0.9990, to confirm extending the bullish wave to 1.0095.

 

Therefore, our positive expectations will remain active unless breaking 0.8985 level and holding below it, where breaking it will push the price to test 0.9836 levels before any new attempt to rise.

 

The expected trading range for today is between 0.9880 support and 0.9990 resistance.

The expected trend for today: Bullish

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