USD/CHF achieves more gains – Analysis – 18/01/2019

usd_new_1The USDCHF price provides more bullish bias to gradually approach our waited target at 0.9990, reinforcing the expectations of continuing the bullish trend in the upcoming period, which gets continuous support by the EMA50.

Note that breaching the mentioned level will extend the bullish wave to reach 1.0070 as a next main station, while holding above 0.9900 represents key condition to continue the expected rise.

Expected trading range for today is between 0.9880 support and 0.9990 resistance.

Expected trend for today: Bullish

USDCHF achieves more gains – Analysis - 18-01-2019

Origin: Economies

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