The USDCHF loses momentum – Analysis - 29-11-2022
Economies.com
2022-11-29 04:47AM UTC
The USDCHF pair tested the EMA50 and begins to decline now, to keep the bearish trend scenario active, supported by the negative signal provided by stochastic now, waiting to resume the bearish wave that targets 0.9355 followed by 0.9300 levels mainly.
On the other hand, we should note that breaching 0.9540 will stop the expected decline and lead the price to achieve bullish correction on the intraday basis.
The expected trading range for today is between 0.9390 support and 0.9520 resistance.
The expected trend for today: Bearish
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