USDCHF keeps its positive stability – Analysis - 08-08-2017
Economies.com
2017-08-08 04:00AM UTC
The USDCHF pair keeps its stability above 0.9700 level, which keeps the bullish trend scenario active for the upcoming period, supported by the EMA50 that keeps pushing the price upwards, waiting to head towards our positive targets that begin at 0.9812 and extend to 0.9864.
Therefore, we will continue to suggest the bullish trend on the intraday and short term basis unless we witnessed clear break to 0.9700 followed by 0.9630 levels and holding below them.
Expected trading range for today is between 0.9670 support and 0.9812 resistance.
Expected trend for today: Bullish
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