USDCHF draws negative formation – Analysis - 17-04-2017
Economies.com
2017-04-17 04:23AM UTC
The USDCHF pair fluctuates around the EMA50, noticing that the price draws double top pattern that its confirmation level located at 1.0010, which means that breaking this level will provide negative motive that will push the price to resume the decline in the upcoming period, as our next target is located at 0.9935.
Therefore, our bearish overview will remain valid on the intraday and short term basis, noting that breaching 1.0070 will push the price to achieve more gains that reach to 1.0133 followed by 1.0209 mainly.
Expected trading range for today is between 0.9960 support and 1.0100 resistance.
Expected trend for today: Bearish
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