The USDCHF gains the positive momentum – Analysis - 08-10-2019
Economies.com
2019-10-08 04:46AM UTC
The USDCHF pair continues to fluctuate at the intraday bullish channel’s support, noticing that stochastic gets rid of its negative momentum gradually, waiting for getting enough positive motive that pushes the price to breach 0.9990 level, to open the way towards 1.0070 that represents our next main target.
Therefore, we will keep our bullish trend expectations in the upcoming period, conditioned by holding above 0.9950 level, where breaking this level will cause a temporary decline that targets testing 0.9836 level again before a new attempt to rise.
The expected trading range for today is between 0.9920 support and 1.0020 resistance.
The expected trend for today: Bullish
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