USDCHF gets a positive signal – Analysis - 02-08-2017
Economies.com
2017-08-02 04:12AM UTC
The USDCHF pair settles above the key support base 0.9650, which represents the previously breached resistance of the bullish channel that appears on chart, noticing that the EMA50 keeps supporting the price from below, while stochastic shows positive overlapping signal now.
Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming sessions conditioned by holding above 0.9650 level, reminding you that our main targets begin at 0.9812 and extend to 0.9864.
Expected trading range for today is between 0.9600 support and 0.9750 resistance.
Expected trend for today: Bullish
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