USDCHF attempts to breach – Analysis – 11/07/2018

forex-news-usd_dollarThe USDCHF pair attempted to breach the key resistance that rises now to 0.9940 but it could not manage to hold above it, to stay stuck between the mentioned resistance and 0.9850 support, which makes us continue with our neutrality until the price succeeds to breach one of the mentioned levels.

The contradiction between the EMA50 negativity and stochastic positivity provides another reason for neutrality, while the details of the expected targets after breaching the mentioned levels are explained in our previous level.

Expected trading range for today is between 0.9850 support and 0.9990 resistance.

Expected trend for today: Depends on the above mentioned levels

USDCHF attempts to breach – Analysis - 11-07-2018

Origin: Economies

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