Swiss Franc returns lower - Analysis - 07-06-2019

The US Dollar / Swiss Franc pair returned lower and leaned on the support of 0.9890, representing the ratio 50% of Fibonacci retracement levels for an ascending wave in the medium term, and amid the dominance of the downward short-term wave, with negative pressure from the 50-day SMA, countered by positive signals from the RSI in an attempt to vent off oversold saturation in the RSI. 

Therefore we expect more losses for the stock, especially if the support of 0.9890 was breached, targeting the next support at 0.9808, which represents the ratio 61.8% of the same retracement levels. 

Expected trend for today: Bearish