USDCHF loses momentum – Analysis - 20-04-2017
Economies.com
2017-04-20 04:07AM UTC
The USDCHF pair shows slight bullish bias to fluctuate near 0.9980 now, noticing that stochastic loses its positive momentum clearly to reach the overbought levels, which forms negative factor that we wait to assist to resume the bearish trend again, supported by the negative pressure that comes from the EMA50.
Therefore, we will keep preferring the bearish trend in the upcoming sessions, and the waited targets begin at 0.9935 and extend to 0.9864, while achieving it conditioned by holding below 1.0070 level.
Expected trading range for today is between 0.9900 support and 1.0010 resistance.
Expected trend for today: Bearish
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