The USDCHF awaits more decline – Analysis - 28-10-2021

Economies.com
2021-10-28 04:13AM UTC

The USDCHF pair provided negative trades to move away from 0.9200, to activate the bearish trend scenario again, on its way to visit 0.9140 as a first negative station, noting that breaking this level will push the price to 0.9060 as a next target.

 

The EMA50 supports the expected decline, which will remain valid unless breaching 0.9200 and holding above it.

 

The expected trading range for today is between 0.9140 support and 0.9210 resistance.

 

The expected trend for today: Bearish

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