USDCHF Forecast: recovers – Analysis – 29/02/2016

prognoz dollar3The USDCHF pair managed to breach 0.9900 level and hold above it, to approach from 1.0000 level that represents the first positive target of the main bullish wave, waiting to surpass this level to open the way to head towards 1.0130 as a next main station.

Therefore, we will continue to suggest the overall bullish trend that depends on holding above 0.9800 level, noting that the extended target reaches to the previously recorded top at 1.0330.

Expected trading range for today is between 0.9900 support and 1.0100 resistance.

Expected trend for today: Bullish

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Origin: Economies.com

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