USDCHF retests – Analysis - 09-10-2017

The USDCHF pair retested the previously breached neckline of the double bottom pattern at 0.9770 and keeps its stability above it, accompanied by stochastic reach to the oversold areas, while the EMA50 keeps providing the positive support to the price.

Therefore, the bullish trend scenario will remain valid and active for the upcoming period, and the targets begin by breaching 0.9864 to confirm achieving the targets of the positive pattern that reach to 0.9900 followed by 1.0030, reminding you that holding above 0.9700 represents the most important condition to continue the expected rise.

Expected trading range for today is between 0.9730 support and 0.9880 resistance.

Expected trend for today: Bullish