USDCHF breaches the resistance – Analysis - 07-12-2017
5 years ago

The USDCHF pair breached 0.9892 level and closed the daily candlestick above it, to open the way to return to the short term bullish trend, getting positive support by the EMA50 now, reinforcing the chances of achieving more gains in the upcoming sessions.


Therefore, the bullish bias will be suggested for today, and the next main target is located at 1.0038, noting that breaking 0.9892 followed by 0.9840 levels will stop the expected rise and put the price under the correctional bearish track again.


Expected trading range for today is between 0.9840 support and 0.9980 resistance.


Expected trend for today: Bullish



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