The USDCHF hits the first target – Analysis - 12-03-2021
Economies.com
2021-03-12 05:19AM UTC
The USDCHF pair managed to touch our first waited target at 0.9255 and attempted to break it, to move inside an intraday bearish channel that supports the chances of continuing the bearish trend in the upcoming sessions, noting that the next target reaches 0.9185.
The EMA50 and stochastic provide negative signals that support the expectations to decline, noting that breaching 0.9320 will stop the negative scenario to push the price to rise again.
The expected trading range for today is between 0.9200 support and 0.9300 resistance.
The expected trend for today: Bearish
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