USDCHF reaches the target – Analysis - 18-01-2017
Economies.com
2017-01-18 04:20AM UTC
The USDCHF pair managed to break 1.0062 level yesterday to head towards our main waited target at 0.9996 direct, and the price still inside the bearish channel that appears on chart, which hints that the price is on its way to achieve more decline in the upcoming sessions.
Therefore, the bearish bias will remain dominant on the intraday and short term basis unless the price managed to breach 1.0128 level, noting that breaking 0.9996 will extend the bearish wave to reach 0.9915 and might extend to 0.9783.
Expected trading range for today is between 0.9915 support and 1.0100 resistance.
Expected trend for today: Bearish
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