The USDCHF declines strongly – Analysis - 29-10-2021

Economies.com
2021-10-29 04:48AM UTC

The USDCHF pair traded with strong negativity yesterday to surpass our first target at 0.9140 and confirms extending the bearish wave towards 0.9060, waiting for more decline in the upcoming sessions supported by the negative pressure formed by the EMA50.

 

Holding below 0.9140 is important to continue the expected decline, as breaching it will push the price to test 0.9200 level before any new attempt to decline.

 

The expected trading range for today is between 0.9200 support and 0.9150 resistance.

 

The expected trend for today: Bearish

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