The USDCHF breaks the support – Analysis - 21-10-2021
Economies.com
2021-10-21 04:13AM UTC
The USDCHF pair broke 0.9200 level strongly and closed the daily candlestick below it, to activate the bearish trend scenario, on its way to visit 0.9140 as a first negative target.
The EMA50 forms negative pressure that supports the expectations to decline, noting that breaching 0.9200 and holding above it will stop the suggested negative scenario and bring us back to the neutrality.
The expected trading range for today is between 0.9140 support and 0.9220 resistance.
The expected trend for today: Bearish
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