USDCHF tests the support base – Analysis - 09-08-2017
Economies.com
2017-08-09 03:47AM UTC
The USDCHF pair is testing the key support base 0.9700 now, met by the EMA50 to add more strength to it, while stochastic returns to the oversold areas now.
Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming period, waiting to target 0.9812 followed by 0.9864 levels mainly, noting that breaking 0.9700 followed by 0.9630 levels will stop the expected rise and push the price to decline again.
Expected trading range for today is between 0.9630 support and 0.9812 resistance.
Expected trend for today: Bullish
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