The EURCHF presses on the additional support – Analysis – 9-4-2020

The EURCHF pair took advantage of the stability within the bearish channel to notice forming new negative attack and attempt to press on the additional support 1.0538, while the major indicators provide the additional negative momentum to ease the mission of declining below the current support, to open the way to target new negative levels that might extend towards 1.0475 followed by 1.0396.

On the other hand, failing to break the current support will force the price to form sideways fluctuation with chances of testing 1.0650 before reaching the mentioned negative targets.

The expected trading range for today is between 1.0580 and 1.0475

The expected trend for today: Bearish