USDCHF loses momentum – Analysis - 25-07-2017
Economies.com
2017-07-25 03:29AM UTC
The USDCHF pair shows sideways and tight trading since yesterday keeping its stability below the bearish channel's support, noticing that stochastic lost its positive momentum and reaches the overbought areas now, forming negative factor that we expect to push the price to resume the bearish bias again, especially that the EMA50 keeps pushing negatively on the intraday and short term trading.
Therefore, our bearish overview will remain valid for the upcoming period conditioned by holding below 0.9490 level, reminding you that our next main target is located at 0.9347.
Expected trading range for today is between 0.9400 support and 0.9500 resistance.
Expected trend for today: Bearish
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