USDCHF needs the positive momentum – Analysis - 07-04-2017
Economies.com
2017-04-07 04:21AM UTC
The USDCHF pair hovers near 1.0050 level since yesterday, and the price needs enough positive momentum to push the trading to continue the rally, where the price gets continuous positive support from the EMA50, which reinforces the chances for the expected bullish trend continuation on the intraday and short term basis, and its next target located at 1.0132.
In general, we keep preferring the bullish trend unless breaking 0.9950 level and holding below it, pointing that breaching the targeted level will extend the bullish wave to reach 1.0326 as a next main station.
Expected trading range for today is between 0.9970 support and 1.0132 resistance.
Expected trend for today: Bullish
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