USDCHF reaches the target – Analysis - 02-05-2018
Economies.com
2018-05-02 03:56AM UTC
The USDCHF pair succeeded to reach our waited target at 0.9976 and settles there, and it continues to move inside the bullish channel that appears on the chart, while the EMA50 keeps providing the positive support to the price.
Therefore, we suggest the continuation of the bullish trend in the upcoming sessions, and breaching 0.9976 will push the price towards 1.0100 as a next main station, while breaking 0.9925 represents negative factor that might force the price to visit 0.9790 level before turning back to rise again.
Expected trading range for today is between 0.9900 support and 1.0030 resistance.
Expected trend for today: Bullish
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