The USDCHF resumes the decline – Analysis - 14-05-2021
Economies.com
2021-05-14 04:50AM UTC
The USDCHF pair bounced bearishly after testing the main bearish channel’s resistance, getting negative signals through stochastic, which supports the chances of continuing the main bearish trend, which targets 0.9000 followed by 0.8900 levels as next main stations.
The EMA50 presses negatively on the price to support the expectations to decline, which will remain valid unless breaching 0.9100 level and holding above it.
The expected trading range for today is between 0.9000 support and 0.9100 resistance.
The expected trend for today: Overall Bearish
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