The EURCHF gathers new negative momentum – Analysis – 23-7-2019

The EURCHF pair kept its stability within the bearish channel recently, to notice gathering additional negative momentum by stochastic reach to the oversold areas, thus, we will keep our negative overview that targets 1.0955 level initially, while breaking this barrier will allow the price to reach the next target at 1.0900.

We remind you that it is important to hold below the additional resistance 1.1062 to decrease the chances of postponing the negativity and start forming correctional bullish rebounds that might lead to face unexpected losses before reaching the mentioned negative targets.

The expected trading range for today is between 1.1040 and 1.0955

The expected trend for today: Bearish