The USDCHF hits a solid resistance – Analysis - 18-06-2019
Economies.com
2019-06-18 04:34AM UTC
The USDCHF pair found difficulty to surpass 1.0000, as this barrier forms 38.2% Fibonacci correction level for the decline measured from 1.0228 to 0.9856, which hints the price head to return to decline again, supported by stochastic negativity.
Therefore, the bearish bias will remain suggested in the upcoming sessions unless breaching 1.0000 level and holding above it, noting that breaking 0.9945 will ease the mission to rally towards the negative targets that begin at 0.9855 and extend to 0.9800.
The expected trading range for today is between 0.9920 support and 1.0000 resistance.
The expected trend for today: Bearish
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