USDCHF awaits the confirmation – Analysis - 10-07-2018

The USDCHF pair approached testing 0.9850 support line yesterday, and it bounced bullishly to test the key resistance at 0.9925, and as we mentioned yesterday, these levels represent the keys to determine the next trend, as the price needs to breach one of them to detect its next destination clearly.

Therefore, our neutrality will remain valid until we get a clearer signal for the next trend, reminding you that breaking the mentioned support will push the price to head towards 0.9723 as a next main station, while breaching the resistance will reactivate the bullish trend scenario that its first main target located at 1.0055.

Expected trading range for today is between 0.9850 support and 0.9970 resistance.

Expected trend for today: Depends on the above mentioned levels