USDCHF leans on the support – Analysis - 12-12-2017
Economies.com
2017-12-12 05:11AM UTC
The USDCHF pair begins to bounce higher after approaching from 0.9892 level, supported by the EMA50 that meets the mentioned level, while stochastic shows clear bullish trend signals on the four hours time frame.
Therefore, these factors encourage us to keep our positive expectations in the upcoming period, waiting for visiting 1.0038 level as a next main station, being aware that breaking 0.9892 will stop the expected rise and turns the price back to its bearish correctional track.
Expected trading range for today is between 0.9870 support and 1.0000 resistance.
Expected trend for today: Bullish
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