The USDCHF breaks the support – Analysis - 22-03-2023
Economies.com
2023-03-22 03:20AM UTC
The USDCHF pair managed to break 0.9235 level and hold below it, to complete forming the descending triangle pattern that appears on the chart, getting negative motive that we are waiting to push the price to continue the decline towards our negative targets that start at 0.9150 and extend to 0.9060.
Therefore, our bearish overview still valid and active, supported by moving below the EMA50, reminding you that the continuation of the bearish wave depends on the price stability below 0.9316.
The expected trading range for today is between 0.9130 support and 0.9280 resistance.
The expected trend for today: Bearish
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