USDCHF loses momentum – Analysis - 03-04-2018
Economies.com
2018-04-03 04:07AM UTC
The USDCHF pair moves within sideways track, settling below 0.9581 level, to keep the expected bearish trend valid until now, supported by stochastic losing the bullish momentum and move near the overbought areas, waiting to test 0.9488 level initially, reminding you that breaking this level will push the price towards 0.9373 on the near term basis.
We should note that breaching 0.9581 will stop the expected decline and lead the price to extend the bullish correction towards 0.9675 before any new attempt to decline.
Expected trading range for today is between 0.9460 support and 0.9600 resistance.
Expected trend for today: Bearish
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