USDCHF begins negatively – Analysis - 17-11-2017
Economies.com
2017-11-17 04:28AM UTC
The EMA50 managed to stop the USDCHF pair's recent bullish rally, to start bouncing bearishly now, affected by stochastic negativity that appears clearly on the four hours' time frame, reinforcing the chacnes of resuming the bearish trend on the intraday and short term basis.
Therefore, we are waiting for more decline in the upcoming sessions, and breaking 0.9892 will confirm opening the way to head towards our next target at 0.9800, while breaching 0.9980 represents the key to regain the main bullish trend and stop the current correctional bearish pressure.
Expected trading range for today is between 0.9820 support and 0.9980 resistance.
Expected trend for today: Bearish
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