The USDCHF resumes the decline – Analysis - 21-05-2019
Economies.com
2019-05-21 00:47AM UTC
The USDCHF pair bounced bearishly after approaching 1.0128 level in the previous sessions, to start pressing on the bullish channel’s support line, located now at 1.0070, to break it and open the way to target 0.9940 level as a next main station.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions unless breaching 1.0128 level and holding with a daily close above it.
The expected trading range for today is between 1.0000 support and 1.0130 resistance.
The expected trend for today: Bearish
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