USDCHF gets the positive momentum – Analysis - 23-02-2018

The USDCHF pair traded with clear negativity yesterday to settle around the EMA50, noticing that stochastic shows clear oversold signals now, besides overlapping positively on the four hours’ time frame, which forms positive motive that we expect to push the price to resume the bullish track again, and the price needs to breach 0.9373 level to confirm opening the way to head towards 0.9488 as a next station.

Therefore, the bullish trend scenario will remain active conditioned by the price stability above 0.9275.

Expected trading range for today is between 0.9275 support and 0.9430 resistance.

Expected trend for today: Bullish