USDCHF loses momentum – Analysis - 25-04-2017
Economies.com
2017-04-25 04:35AM UTC
The USDCHF pair shows sideways trading settled near 0.9960, noticing that stochastic loses its positive momentum gradually to reach the thresholds of the overbought levels, while the EMA50 forms continuous negative pressure against the intraday and short term trading.
Therefore, we will keep our bearish trend expectations for today unless breaching 1.0010 level and holding above it, pointing that our next main target located at 0.9864.
Expected trading range for today is between 0.9864 support and 1.0010 resistance.
Expected trend for today: Bearish
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