USDCHF attempts to return to the channel – Analysis - 02-08-2018
Economies.com
2018-08-02 03:54AM UTC
The USDCHF pair continues to fluctuate at the previously broken support of the bullish channel that turns into resistance now at 0.9925, as it attempts to breach this level and confirm the return to this channel, and as long as the price is above 0.9850, the overall bullish trend scenario will remain valid, waiting to target 1.0055 mainly, noting that breaking 0.9850 will put the price under the correctional bearish pressure on the short term basis.
Expected trading range for today is between 0.9870 support and 1.0000 resistance.
Expected trend for today: Bullish
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