USDCHF gathers the positive momentum – Analysis - 19-06-2018
Economies.com
2018-06-19 03:41AM UTC
The USDCHF pair shows slight negative trading to approach testing the EMA50, noticing that stochastic gets rid of its negative momentum to enter the oversold areas now, which forms positive factor that we are waiting to assist to push the price to rise again.
Until now, the bullish trend scenario will remain valid as long as the price is above 0.9885, reminding you that our next main target is located at 1.0055.
Expected trading range for today is between 0.9860 support and 1.0000 resistance.
Expected trend for today: Bullish
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