The USDCHF tests the moving average – Analysis - 22-05-2019
Economies.com
2019-05-22 00:58AM UTC
The USDCHF pair shows new positive trades to approach 1.0128 level again, but we notice that the EMA50 forms negative pressure to protect the recently suggested negative scenario, besides that stochastic loses its positive momentum, which supports the chances of resuming the bearish trend that its targets begin by breaking 1.0070 to confirm heading towards 0.9940.
In general, we will keep our bearish overview conditioned by the price stability below 1.0128.
The expected trading range for today is between 1.0040 support and 1.0140 resistance.
The expected trend for today: Bearish
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