USDCHF achieves more gains – Analysis - 16-06-2017
Economies.com
2017-06-16 01:37AM UTC
The USDCHF pair continued its bullish rally to breach 0.9725 level and settles above it, to complete forming the double bottom pattern that turns the intraday track upwards, heading towards testing 0.9812 followed by 0.9864 levels mainly.
Therefore, the bullish trend will be expected in the upcoming sessions, supported by the EMA50, taking into consideration that breaking 0.9700 level will stop the suggested rise and push the price to decline again.
Expected trading range for today is between 0.9700 support and 0.9812 resistance.
Expected trend for today: Bullish
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