The USDCHF touches the target – Analysis - 17-03-2021
Economies.com
2021-03-17 05:12AM UTC
The USDCHF pair managed to touch 0.9256 and attempted to break it, noticing that the EMA50 forms continuous negative pressure against the price, while stochastic provides clear negative signals now.
Therefore, these factors support the chances of continuing the decline in the upcoming sessions, noting that the next target is located at 0.9185, while the negative scenario will remain valid unless breaching 0.9285 followed by 0.9320 levels and holding above them.
The expected trading range for today is between 0.9190 support and 0.9300 resistance.
The expected trend for today: Bearish
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