The USDCHF breaks the support – Analysis - 03-07-2020
Economies.com
2020-07-03 04:11AM UTC
The USDCHF pair broke 0.9456 level clearly and closed the daily candlestick below it, which puts the price under more expected negative pressure for the upcoming period, on its way to head towards 0.9351 as a next negative station.
Therefore, the bearish bias will be suggested for the upcoming period, supported by the negative signal that appears clearly on stochastic, noting that breaching 0.9456 followed by 0.9475 will stop the suggested decline and leads the price to rise again.
The expected trading range for today is between 0.9380 support and 0.9500 resistance.
The expected trend for today: Bearish
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