The USDCHF reaches the first target – Analysis - 14-05-2019
Economies.com
2019-05-14 00:43AM UTC
The USDCHF pair traded with clear negativity yesteday to reach the thresholds of the first waited target at 1.0040, noting that breaking this level will extend the bearish wave to reach 0.9935.
The EMA50 presses negatively on the price, making the bearish trend suggested in the upcoming sessions unless the price rallied to breach 1.0128 level and hold with a daily close above it.
The expected trading range for today is between 0.9990 support and 1.0100 resistance.
The expected trend for today: Bearish
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