The USD/CHF breaches the resistance – Analysis – 21/07/2021

usd_chf_forex_1The USDCHF pair managed to breach 0.9200 and hold above it, which supports the continuation of our bullish overview, paving the way to head towards 0.9265 that represents our next target.

The EMA50 supports the suggested bullish wave, noting that holding above 0.9200 represents initial condition to continue the expected rise.

The expected trading range for today is between 0.9170 support and 0.9265 resistance.

The expected trend for today: Bullish

Origin: Economies

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