USDCHF needs the positive momentum – Analysis - 19-06-2017

The USDCHF pair fluctuates at the previously breached neckline of the minor double bottom pattern that appears on chart, which forms key support now at 0.9725, noticing that the EMA50 supports the price from below, to keep the positive scenario valid for the upcoming period.

Therefore, we will continue to suggest the bullish trend on the intraday basis, and the main target is represented by testing 0.9812 and 0.9864 levels, reminding you that the continuation of the expected rise depends on holding above 0.9700 level.

Expected trading range for today is between 0.9700 support and 0.9812 resistance.

Expected trend for today: Bullish