The USDCHF confirms the break – Analysis - 18-03-2021
Economies.com
2021-03-18 05:05AM UTC
The USDCHF pair succeeded to break 0.9256 level and traded with clear negativity to settle below it, reinforcing the expectations of continuing the bearish trend, which targets 0.9185 as a next station, noting that surpassing this level will push the price to 0.9125 as a next negative target.
The EMA50 and stochastic provide negative signals that support the expected decline, which will remain valid conditioned by the price stability below 0.9256 – 0.9270 levels.
The expected trading range for today is between 0.9170 support and 0.9270 resistance.
The expected trend for today: Bearish
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