USDCHF breaches the resistance – Analysis – 15/12/2016

fed_fomc_1The USDCHF pair showed clear breach to 1.0190 level and closed the daily candlestick above it, to activate the bullish trend scenario on the short term basis, regaining its main bullish track that its next main target located at 1.0326.

Therefore, the bullish bias will be suggested in the upcoming sessions supported by the EMA50, noting that breaking 1.0190 level and holding below it will bring the price back to the sideways range that its signs appear on chart.

Expected trading range for today is between 1.0150 support and 1.0326 resistance.

Expected trend for today: Bullish

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Origin: Economies

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