The USDCHF presses on the support – Analysis - 17-10-2019
Economies.com
2019-10-17 04:54AM UTC
The USDCHF pair begins today’s trading negatively to press on the intraday bullish channel’s support and attempts to settle below it, providing signals on a potential turn in the intraday trend to the downside, especially that stochastic shows a negative overlapping signal now.
Therefore, we prefer witnessing more of the downside moves in the upcoming sessions, and the target is testing 0.9836 level before attempting to rise again, being aware that breaching 0.9990 will stop the positive possibility and pushes the price to resume the main bullish trend.
The expected trading range for today is between 0.9870 support and 0.9970 resistance.
The expected trend for today: Bearish
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