The USDCHF resumes the bearish bias – Analysis - 04-11-2021
Economies.com
2021-11-04 05:37AM UTC
The USDCHF pair bounced bearishly after testing 0.9140 level in the previous sessions, to keep the bearish trend scenario valid and active for the upcoming period, supported by the negative pressure that the EMA50 continues to provide, waiting to head towards 0.9060 initially.
Breaking the mentioned level will push the price to 0.9000 as a next main target, while the expected decline will remain valid unless breaching 0.9140 followed by 0.9165 levels and holding above them.
The expected trading range for today is between 0.9050 support and 0.9175 resistance.
The expected trend for today: Bearish
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