This currency trading instrument remains a bull market, for bulls are still willing to push price upwards. The resistance level at 0.9800 is under siege (it has been tested a few times), and it would soon be breached to the upside as price goes further upwards towards the resistance levels at 0.9850 and 0.9900.
There is a Bullish Confirmation Pattern in the 4-hour chart. The EMA 11 is above the EMA 56, and the Williams’ % Range period 20 is in the overbought territory. Price is expected to continue going further upwards.
The material has been provided by InstaForex Company – www.instaforex.com
USD/CHF
This currency trading instrument remains a bull market, for bulls are still willing to push price upwards. The resistance level at 0.9800 is under siege (it has been tested a few times), and it would soon be breached to the upside as price goes further upwards towards the resistance levels at 0.9850 and 0.9900.
There is a Bullish Confirmation Pattern in the 4-hour chart. The EMA 11 is above the EMA 56, and the Williams’ % Range period 20 is in the overbought territory. Price is expected to continue going further upwards.
The material has been provided by InstaForex Company – www.instaforex.com
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