The USDCHF breaks the support – Analysis - 12-12-2019
Economies.com
2019-12-12 05:47AM UTC
The USDCHF pair broke 0.9836 level and closed the daily candlestick below it, which stops the recently suggested positive scenario and press on the pirce to turn to decline, on its way to visit 50% Fibonacci correction level at 0.9712 as a next negative target.
Therefore, the bearish bias will be suggested for today, noting that breaching 0.9836 and holding above it again will lead the price to start new recovery attempts that target 0.9990 areas initially.
The expected trading range for today is between 0.9760 support and 0.9860 resistance.
The expected trend for today: Bearish
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