USDCHF returns to the bullish channel – Analysis – 12/07/2018

forex_statiThe USDCHF pair managed to confirm breaching 0.9940 level and return to the bullish channel that appears on the chart, to activate the bullish trend scenario on the intraday and short term basis, waiting for more rise to visit 1.0055 that represents our next positive target.

Therefore, the bullish trend will be suggested for the upcoming sessions unless breaking 0.9940 – 0.9925 levels and holding below them.

Expected trading range for today is between 0.9900 support and 1.0020 resistance.

Expected trend for today: Bullish

USDCHF returns to the bullish channel – Analysis - 12-07-2018

Origin: Economies

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