The EURCHF gets ready to resume the negative attack – Analysis – 21-8-2019

The EURCHF price continued to provide negative trading in the last period, to notice its reach below 23.6% Fibonacci correction level at 1.0954 level, to confirm its move to a new negative track in the current period, which increases the chances for resuming the negative attack, to expect targeting 1.0755 level, then wait for testing the critical support at 1.0631.

In general, the negativity is caused by the stability of the price within the bearish channel levels, besides the main indicators attempt to provide negative momentum, which eases the mission of recording the suggested negative targets.

The expected trading range for today is between 1.09000 and 1.0755

The expected trend for today: Bearish