USDCHF faces intraday negative pressure – Analysis - 16-08-2018
Economies.com
2018-08-16 04:37AM UTC
The USDCHF pair returns to decline and move below the intraday bullish channel’s support, fluctuating around the EMA50, while stochastic gets rid of its negative momentum to gather clear positive momentum on the four hours’ time frame.
Therefore, these factors supports the chance of resuming the bullish trend in the upcoming sessions, which its next main target located at 1.0055, while holding above 0.9850 represents the most important condition to continue the expected rise.
Expected trading range for today is between 0.9880 support and 1.0000 resistance.
Expected trend for today: Bullish
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