The USDCHF below the moving average – Analysis - 18-06-2020
Economies.com
2020-06-18 04:32AM UTC
The USDCHF pair tested the EMA50 that forms good intraday resistance against the price and keeps its stability below it, to keep the negative pressure valid until now, waiting to test 0.9456 initially, reminding you that breaking this level will extend the bearish wave to reach 0.9350.
Holding below 0.9541 is important to continue the expected decline, as breaching it will lead the price to achieve gains that start at 0.9625.
The expected trading range for today is between 0.9420 support and 0.9550 resistance.
The expected trend for today: Bearish
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