USDCHF faces the moving average – Analysis - 26-07-2017
Economies.com
2017-07-26 03:44AM UTC
The USDCHF pair provided clear positive trading yesterday to breach 0.9490 level and settles above it, but it faces solid resistance formed by the EMA50 now at 0.9535, accompanied by witnessing clear overbought signals now, which form negative factors that we expect to push the price to decline in the upcoming sessions.
Therefore, the bearish trend will remain suggested overall unless breaching 0.9578 level and holding above it, waiting to head towards our next target at 0.9347.
Expected trading range for today is between 0.9440 support and 0.9578 resistance.
Expected trend for today: Bearish
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