USDCHF heads towards the retest – Analysis - 30-01-2018
Economies.com
2018-01-30 05:21AM UTC
The USDCHF pair shows some bullish bias to approach retesting the previously broken support that turns into key resistance now at 0.9418, noticing that stochastic loses its bullish momentum clearly to reach the overbought areas, while the EMA50 forms continuous negative pressure against the price.
Therefore, our bearish overview will remain active for today unless breaching 0.9418 level and holding above it, reminding you that our waited targets begin at 0.9250 and extend to 0.9035 after breaking the previous level.
Expected trading range for today is between 0.9300 support and 0.9440 resistance.
Expected trend for today: Bearish
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