USDCHF under the negative pressure – Analysis - 11-10-2017
Economies.com
2017-10-11 03:36AM UTC
The USDCHF pair fell under negative pressure to break 0.9770 level and settles below it, but we notice that the EMA50 forms good support to protect the price from suffering more losses, while stochastic shows oversold signals now.
Therefore, we believe that the chances are valid to resume the bullish trend in the upcoming sessions, which its targets begin at 0.9864 followed by 0.9900, reminding you that holding above 0.9700 represents the most important condition to continue the expected rise.
Expected trading range for today is between 0.9700 support and 0.9840 resistance.
Expected trend for today: Bullish
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