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.


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