USDCHF tests the support base – Analysis - 14-11-2018
Economies.com
2018-11-14 05:05AM UTC
The USDCHF price tests the key support 1.0055 and keeps its stability above it until now, met by the EMA50 to add more strength to it, accompanied by stochastic entering the oversold areas.
Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming sessions, organized inside the bullish channel that appears on the chart, waiting to target 1.0170 level as a next main station, noting that the continuation of the expected rise conditions holding above 1.0055 – 1.0020 levels.
Expected trading range for today is between 1.0020 support and 1.0120 resistance.
Expected trend for today: Bullish
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