The USDCHF retests the neckline – Analysis - 08-11-2023
Economies.com
2023-11-08 03:58AM UTC
The USDCHF pair continued to rise to rest the broker neckline of the double top pattern, and the EMA50 meets this level to add more strength to it, waiting to resume the negative trading that its targes begin by breaking 0.8968 to open the way to head towards 0.8889.
Therefore, the bearish trend scenario will remain active conditioned by the price stability below 0.9020.
The expected trading range for today is between 0.8940 support and 0.9060 resistance.
The expected trend for today: Bearish
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