USDCHF tests the support – Analysis - 08-08-2018
Economies.com
2018-08-08 03:59AM UTC
The USDCHF pair returns to test the bullish channel’s support line, noticing that the EMA50 provides positive support to protect the recently suggested bullish trend scenario, waiting to resume the bullish trend that its next target located at 1.0055.
We should note that breaking 0.9935 will stop the expected rise temporarily and push the price to visit 0.950 level before any new positive attempt.
Expected trading range for today is between 0.9880 support and 1.0020 resistance.
Expected trend for today: Bullish
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