USDCHF resumes rising – Analysis - 08-12-2017

2017-12-08 05:00:30 GMT (Economies.com)
 

The USDCHF pair traded with clear positivity yesterday to move away from 0.9892 level, reinforcing our expectations of continuing the bullish trend on the intraday and short term basis, and the way is open to target the previously recorded top at 1.0038 as a next main station.

 

Therefore, we will keep our bullish trend expectations for the upcoming sessions supported by the EMA50, unless we witnessed clear break and hold below 0.9892.

 

Expected trading range for today is between 0.9892 support and 1.0038 resistance.

 

Expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.0336
-0.0106
1.0113%
1.1984
-0.0063
0.5267%
21.229
-0.127
0.595%
78.425
3.996
5.369%
85.12
1.91
2.30%
1751.880
1.405
0.080%
 
 
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