The USDCHF approaches the resistance – Analysis - 20-05-2019
Economies.com
2019-05-20 00:50AM UTC
The USDCHF pair crawls upwards gradually to approach the key resistance 1.0128, and the EMA50 continues to press negatively on the price, which makes us continue suggesting the expected bearish trend for the upcoming period, which its targets begin by breaking 1.0065 to confirm extending the bearish wave towards 0.9940.
We should note that breaching 1.0128 will stop the expected decline and push the price to resume the main bullish trend again.
The expected trading range for today is between 1.0040 support and 1.0140 resistance.
The expected trend for today: Bearish
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