USDCHF approaches the target – Analysis - 01-03-2018

Economies.com
2018-03-01 05:11AM UTC

The USDCHF pair continues to rise to approach our first waited target at 0.9488, as the price gets continuous positive support by the EMA50, to reinforce the chances of breaching the mentioned level and extend the the correctional bullish wave towards 0.9581.

 

Therefore, we will continue to suggest the bullish trend for today unless the price managed to break 0.9373 level and hold below it.

 

Expected trading range for today is between 0.9380 support and 0.9540 resistance.

 

Expected trend for today: Bullish

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