The USDCHF achieves the target – Analysis - 17-06-2020
Economies.com
2020-06-17 04:37AM UTC
The USDCHF pair succeeded to reach few pips away from our waited target at 0.6456, and it bounced bullishly to test the EMA50 that forms good resistance against the price, accompanied by stochastic loss to the positive momentum and reaching the overbought areas.
Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, and the targets begin by breaking 0.9456 to confirm opening the way to head towards 0.9350, reminding you that the continuation of the expected decline depends on the price stability below 0.9541.
The expected trading range for today is between 0.9420 support and 0.9550 resistance.
The expected trend for today: Bearish
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