The EURCHF suffers big losses – Analysis – 15-7-2019

The EURCHF pair surrendered to the bearish bias domination, due to the consolidation within the bearish channel, noticing crawling below the initial support at 1.6840, suffering big losses by reaching 1.6760 level, expecting to resuming the negative attack after 1.6840 level formed new resistance, to target the bearish channel’s support line at 1.6660, followed by monitoring the price behavior to manage to detect the next main targets.

Stochastic reach to the oversold areas forms main factor to confirm the continuation of the negativity by providing new negative momentum, to increase the chances of reaching the main target.

The expected trading range for today is between 1.6820 and 1.6660

The expected trend for today: Bearish