USDCHF within sideways track – Analysis - 04-02-2019
Economies.com
2019-02-04 04:53AM UTC
The USDCHF pair shows more bullish bias on its way to test the key resistance 0.9990, noticing that the price moves within sideways track between the mentioned resistance and 0.9900 support, which makes us suggest the continuation of the sideways bias domination until the price manages to breach one of the mentioned levels.
Note that breaking 0.9900 will press on the price to decline again and head towards 0.9835 as a next station, while breaching 0.9990 will lead the price to resume the main bullish trend that its next targets located at 1.0070 followed by 1.0128.
Expected trading range for today is between 0.9900 support and 1.0020 resistance.
Expected trend for today: Sideways
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