The USDCHF tests the moving average – Analysis - 14-07-2020
Economies.com
2020-07-14 04:32AM UTC
The USDCHF pair shows positive attempts to test the EMA50 again, which forms continuous negative pressure against the price, to keep the bearish trend valid until now, waiting to head towards 0.9351 initially.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 0.9456 level and hold above it, reminding you that breaking the targeted level will extend the bearish wave to reach 0.9275 as a next station.
The expected trading range for today is between 0.9340 support and 0.9460 resistance.
The expected trend for today: Bearish
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