USDCHF gains the positive momentum – Analysis - 11-12-2017

The USDCHF pair shows some bearish bias to approach to test the key support base at 0.9892, which is met by the EMA50 to add more strength to it, notincing that stochastic gained clear positive momentum on the four hours' time frame, reinforcing the chances of bouncing bullishly in the upcoming sessions.

Therefore, we will continue to suggest the bullish trend on the intraday and short term basis conditioned by holding above 0.9892 level, reminding you that our main waited target is located at 1.0038.

Expected trading range for today is between 0.9850 support and 1.0000 resistance.

Expected trend for today: Bullish