USD CHF gathers the positive momentum – Analysis - 01/12/2015
Economies.com
2015-12-01 05:52AM UTC
The USDCHF pair shows some bearish bias after approaching from our first main waited target at 1.0360, to approach from the bullish channel’s support that carries the bullish wave that appears on image, noticing that stochastic gets rid of its negativity gradually and approach from offering a positive overlapping signal on the four hours’ time frame, while the EMA50 keeps supporting the price from below.
Therefore, these factors encourage us to continue suggesting the overall bullish trend, which its next target located at 1.0565, while achieving it conditions holding above 1.0210 level.
Expected trading range for today is between 1.0200 support and 1.0400 resistance.
Expected trend for today: Bullish
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