USDCHF within sideways track – Analysis - 11-05-2018
Economies.com
2018-05-11 04:09AM UTC
The USDCHF pair shows sideways trading since surpassing the psychological barrier at 1.0000 as appears on the chart, and the price needs to breach 1.0050 level to confirm the continuation of the main bullish trend, as the positive scenario still valid as long as the price is above 1.0000.
Stochastic shows positive signals now that we are waiting to motivate the price to rise in the upcoming sessions, reminding you that our next target is located at 1.0100.
Expected trading range for today is between 0.9980 support and 1.0100 resistance.
Expected trend for today: Bullish
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