USDCHF needs the positive momentum – Analysis - 06-11-2017
Economies.com
2017-11-06 04:35AM UTC
The USDCHF pair keeps its stability above 1.0000 barrier, getting continuous positive support by the EMA50, to keep the oveall bullish trend scenario active in the upcoming period, waiting to visit 1.0130 level as a next main target.
The price might be forced for more sideways fluctuation until managing to gain enough positive momentum that pushes trading towards our waited target, noting that breaking 0.9880 will stop the expected rise and push the price to start bearish correction on the short term basis.
Expected trading range for today is between 0.9960 support and 1.0100 resistance.
Expected trend for today: Bullish
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