USDCHF crawls upwards – Analysis - 22-02-2018
Economies.com
2018-02-22 05:05AM UTC
The USDCHF pair shows positive trading to approach our first waited target at 0.9424 gradually, noticing that the EMA50 provides positive support to the price, while stochastic overlaps positively on the four hours’ time frame, which supports the chances of breaching the mentioned level followed by opening the way to head towards our next target that reaches 0.9530.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions unless breaking 0.9300 level and holding below.
Expected trading range for today is between 0.9320 support and 0.9480 resistance.
Expected trend for today: Bullish
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