USD/CHF resumes rising – Analysis – 07/02/2019

chf_forexThe USDCHF pair leaned on 0.9990 level and bounced upwards to resume the expected bullish trend on the intraday and short term basis, reinforcing the chances of continuing to achieve gains in the upcoming period, as our next targets located at 1.0070 and 1.0128.

The EMA50 supports the suggested bullish wave, which its continuation conditions holding above 0.9990.

The expected trading range for today is between 0.9990 support and 1.0100 resistance.

The expected trend for today: Bullish

USDCHF resumes rising – Analysis - 07-02-2019

Origin: Economies

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