The USD/CHF hits the first target – Analysis – 08/07/2021

chf_forexThe USDCHF pair managed to touch our first target at 0.9265 and attempts to breach it, which supports the expectations of extending the bullish wave towards 0.9315 as a next target.

The EMA50 continues to carry the price from below, to support the continuation of the positive scenario, which will remain valid conditioned by the price stability below 0.9200.

The expected trading range for today is between 0.9220 support and 0.9310 resistance.

The expected trend for today: Bullish

Origin: Economies

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