USDCHF breaches the resistance – Analysis - 28-02-2018
Economies.com
2018-02-28 05:09AM UTC
The USDCHF pair surpassed the key resistance 0.9373 and settled with a daily close above it, which pushes the price to resume the correctional bullish track that started from 0.9186 recorded low, on its way to test 0.9488 level that represents 38.2% Fibonacci correction level for the decline measured from 0.9976 to the mentioned low.
Therefore, the bullish trend will be expected in the upcoming sessions unless breaking 0.9373 level and holding below it.
Expected trading range for today is between 0.9330 support and 0.9488 resistance.
Expected trend for today: Bullish
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