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FX.co ★ Technical analysis of USD/CHF for July 30, 2018

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Forex Analysis:::2018-07-30T05:05:13

Technical analysis of USD/CHF for July 30, 2018

Technical analysis of USD/CHF for July 30, 2018

On the 4-hour chart of USD/CHF, we can see a bullish harmonic pattern Gartley 222 completed. After the price has reached the first target at 0.9953 (the 38.2% Fibonacci Retrachement from point C-D), the price is now they trying to reach the second target at 0.9987 (the 61.8% Fibonacci Retrachement from point C-D). On the grounds of this fact, we know the pair is going to trade with a bullish bias at least for a few days more.

(Disclaimer)

Analyst InstaForex
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