USDCHF achieves some gains – Analysis - 03-01-2019

The USDCHF price shows bullish bias after 0.9835 support line proved its strength against the price’s recent negative attempts, to keep the price inside the sideways range that its lines represented by the mentioned support and 0.9990 resistance, and the price might witness more rise in the upcoming sessions to visit the mentioned resistance.

The price needs to surpass one of the above mentioned levels to detect its next destination on the short term basis, noting that breaking 0.9835 support will lead the price to test 0.9766 as a next station, while breaching 0.9990 will push the price to return to the main bullish trend that will target 1.0128 level initially.

Expected trading range for today is between 0.9800 support and 0.9940 resistance.

Expected trend for today: Sideways