The USDCHF around the moving average – Analysis - 19-11-2020
Economies.com
2020-11-19 04:57AM UTC
The USDCHF pair hovers around the EMA50, accompanied by stochastic loss to the positive momentum and approaching the overbought areas, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which its next target located at 0.9010.
In general, the negative scenario will remain valid and active unless the price rallied to breach 0.9192 and hold above it.
The expected trading range for today is between 0.9050 support and 0.9160 resistance.
The expected trend for today: Bearish
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