The USDCHF loses momentum – Analysis - 12-07-2019
Economies.com
2019-07-12 04:56AM UTC
The USDCHF pair shows bullish bias after approaching 0.9836 level yesterday, noticing that stochastic lost its positive momentum to show clear overbought signals now, which forms negative motive that we expect to push the price to resume the bearish bias in the upcoming sessions, waiting to break 0.9836 level to reinforce the chances of extending the bearish wave towards 0.9712.
Therefore, we will keep our bearish overview for today unless breaching 0.9915 level and holding above it.
The expected trading range for today is between 0.9836 support and 0.9930 resistance.
The expected trend for today: Bearish
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