The USDCHF resumes the rise – Analysis 08-02-2024

Dollar1The USDCHF pair provided additional positive trades yesterday to reach 0.8750, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, reminding you that our next station is located at 0.8800.

The EMA50 continues to support the suggested bullish wave, and it might witness some temporary sideways fluctuation until stochastic manages to gather positive momentum that assist to push the price to continue the rise, taking into consideration that the continuation of the bullish trend requires holding above 0.8670.

The expected trading range for today is between 0.8650 support and 0.8810 resistance.

The expected trend for today: Bullish

Origin: Economies

 

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