The USDCHF approaches the target – Analysis - 18-03-2019
Economies.com
2019-03-18 05:24AM UTC
The USDCHF pair continues to decline to gradually approach our waited target at 0.9990, noting that the EMA50 forms negative pressure that might assist to push the price to break the mentioned level and extend the bearish wave on the short term basis, as the next target reaches 0.9900.
Therefore, the bearish bias will remain dominant in the upcoming sessions unless the price rallied to breach 1.0070 followed by 1.0128 levels and holding above them.
The expected trading range for today is between 0.9960 support and 1.0070 resistance.
The expected trend for today: Bearish
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