USDCHF continues to test the support base – Analysis - 10-10-2017

Economies.com
2017-10-10 03:45AM UTC

The USDCHF pair fluctuates at the breached neckline of the double bottom pattern at 0.9770, and the positive effect of this pattern still active as long as the price is above the mentioned level, waiting to resume the bullish trend in the upcoming sessions.

 

The waited targets mainly begin at 0.9900 and extend to 1.0030, noting that the continuation of the bullish wave depends on holding above 0.9700.

 

Expected trading range for today is between 0.9730 support and 0.9880 resistance.

 

Expected trend for today: Bullish

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