USDCHF reaches the first target – Analysis 18.10.2018

forex-news-usd_dollarThe USDCHF price keeps rising to reach our first waited target at 0.9965, which forms key resistance as appears on the chart, noting that breachint this level will push the price to test 1.0055 level direct.

In general, we suggest the continuation of the bullish bias domination in the upcoming period, supported by the EMA50, conditioned by the price stability above 0.9850.

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

Expected trend for today: Bullish

USDCHF reaches the first target – Analysis - 18-10-2018

Origin: Economies

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