The USDCHF presses on the support – Analysis - 12-08-2019
Economies.com
2019-08-12 05:18AM UTC
The USDCHF pair resumed its negative trading to test the key support 0.9712, and we still waiting to break this level to reinforce the expectations of continuing the bearish trend, as our next target is located at 0.9590.
Therefore, the bearish trend scenario will remain valid for the upcoming period conditioned by the price stability below 0.9770, noting that the EMA50 continues to support the suggested bearish wave.
The expected trading range for today is between 0.9650 support and 0.9770 resistance.
The expected trend for today: Bearish
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