USD/CHF resumes rising – Analysis – 17/01/2019

chf_forexThe USDCHF price opens today’s trading with more positivity to breach 0.9900 level and attempts to hold above it, which supports the continuation of our bullish overview efficiently for the upcoming period, which its next target located at 0.9990.

Therefore, we suggest the continuation of the bullish bias domination on the intraday basis, noting that breaking 0.9900 and holding below it will put the price under the correctional bearish pressure again.

Expected trading range for today is between 0.9860 support and 0.9990 resistance.

Expected trend for today: Bullish

USDCHF resumes rising – Analysis - 17-01-2019

Origin: Economies

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