The USDCHF resumes the decline – Analysis - 08-07-2020
Economies.com
2020-07-08 04:33AM UTC
The USDCHF pair returns to decline after the temporary rise that it witnessed yesterday, as it tested 0.9456 and bounced bearishly from there, to keep the bearish trend scenario valid and active for the upcoming period, supported by the negative pressure formed by the EMA50, waiting to visit 0.9351 level initially.
We remind you that the continuation of the suggested bearish wave depends on the price stability below 0.9456.
The expected trading range for today is between 0.9350 support and 0.9470 resistance.
The expected trend for today: Bearish
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