The USDCHF resumes the decline – Analysis - 16-02-2021
Economies.com
2021-02-16 05:14AM UTC
The USDCHF pair resumes its negative trades clearly to move away from 0.8923, which supports the continuation of our bearish overview, which targets 0.8860 level as a next main station.
The EMA50 supports the suggested bearish wave, noting that surpassing the mentioned target will extend the bearish wave to reach 0.8760 as a next target, while the expected decline will remain valid conditioned by the price stability below 0.8923.
The expected trading range for today is between 0.8840 support and 0.8940 resistance.
The expected trend for today: Bearish
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