USDCHF tests the moving average – Analysis - 20-07-2018
Economies.com
2018-07-20 02:02AM UTC
The USDCHF pair trades negatively to test the EMA50, affected by the negative overlapping signal that appears through stochastic, while the price still inside the bullish channel that appears on the chart, thus, the bullish trend will remain suggested unless breaking 0.9885 followed by 0.9850 levels and holding below them.
Our first target is located at 1.0055, which breaching it represents the key to rally towards 1.0170 as a next main station.
Expected trading range for today is between 0.9940 support and 1.0080 resistance.
Expected trend for today: Bullish
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