USDCHF rallies bullishy – Analysis - 20-10-2017
Economies.com
2017-10-20 03:51AM UTC
The USDCHF pair rallies upwards strongly by today's opening to breach the resistance line that appears on chart and attempts to hold above it, which hints the price turn to rise on the short term basis, supported by the positive signals provided by stochastic and the EMA50.
Therefore, the bullish trend will be suggested in the upcoming period, organized inside the bullish channel that carries the price since the beginning of last month, noting that the continuation of the suggested bullish bias depends on holding above 0.9740.
Expected trading range for today is between 0.9770 support and 0.9900 resistance.
Expected trend for today: Bullish
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