USDCHF under the negative pressure – Analysis - 29-01-2018
Economies.com
2018-01-29 05:27AM UTC
The USDCHF pair settles below 0.9418 level, to keep the negative pressure valid until now, supported by the EMA50 that keeps pushing the price downwards, waiting to resume the bearish wave that its next main target located at 0.9250, noting that breaking this level will extend the pair’s losses to reach 0.9035 on the short term basis.
Therefore, the bearish trend will remain dominant in the upcoming sessions conditioned by holding below 0.9418.
Expected trading range for today is between 0.9270 support and 0.9420 resistance.
Expected trend for today: Bearish
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