USDCHF resumes rising – Analysis - 08-12-2017
Economies.com
2017-12-08 05:00AM UTC
The USDCHF pair traded with clear positivity yesterday to move away from 0.9892 level, reinforcing our expectations of continuing the bullish trend on the intraday and short term basis, and the way is open to target the previously recorded top at 1.0038 as a next main station.
Therefore, we will keep our bullish trend expectations for the upcoming sessions supported by the EMA50, unless we witnessed clear break and hold below 0.9892.
Expected trading range for today is between 0.9892 support and 1.0038 resistance.
Expected trend for today: Bullish
Forex and Currency News
Forex
US retail sales beat expectations in March
2024-04-15 12:39PM UTC
US retail sales rose 0.7% in March, beating estimates of a 0.4% increase, while down from 0.9% in ...
Forex
Euro tries to recoup from five-month trough amid bearish outlook
2024-04-15 08:41AM UTC
Euro rose in European trade on Monday against a basket of major rivals amid attempts to recoup from ...
Forex
Euro sharpens decline to five-month lows on concerns about the interest rate gap
2024-04-12 08:04AM UTC
Euro fell in European trade on Friday against a basket of major rivals, sharpening losses for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 16-04-2024
2024-04-16 09:48AM UTC
GBPUSD Price Forecast The GBPUSD price fluctuates positively now to head towards potential test ...
Forex
The EURUSD price forecast update - 16-04-2024
2024-04-16 09:48AM UTC
EURUSD Price Forecast The EURUSD price finds good support at 1.0600$ barrier, to show some ...
Forex
The EURGBP tends to resume the decline – Forecast today – 16-4-2024
2024-04-16 05:51AM UTC
EURGBP Price Analysis Expected Scenario The EURGBP pair confirmed its affection by the ...