The USDCHF around the moving average – Analysis - 19-11-2019
Economies.com
2019-11-19 05:42AM UTC
The USDCHF pair keeps flcutauting near the EMA50, and the bearish bias remains expected on the intraday basis, waiting for visiting 0.9836 level, reminding you that the price confines within a sideways range that its resistance is located at 0.9990, which means that the price might bounce higher to visit this level after achieving the suggested target.
On the other hand, you should be aware that breaking 0.9836 will put the price under a new negative pressure that targets visiting 50% Fibonacci correction level at 0.9712.
The expected trading range for today is between 0.9836 support and 0.9950 resistance.
The expected trend for today: Bearish
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