The USDCHF resumes the decline – Analysis - 13-07-2020
Economies.com
2020-07-13 04:21AM UTC
The USDCHF pair bounced bearishly after testing the intraday bearish channel’resistance, falling under the negative pressure formed by the EMA50, waiting for more decline in the upcoming sessions, noting that our waited targets begin at 0.9351 and extend to 0.9275 after surpassing the prvious level.
Therefore, the negative scenario will remain valid on the intraday and short term basis conditioned by the price stability below 0.9456.
The expected trading range for today is between 0.9320 support and 0.9456 resistance.
The expected trend for today: Bearish
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