USDCHF activates the negative pattern – Analysis - 13-03-2017
Economies.com
2017-03-13 05:33AM UTC
The USDCHF pair managed to break 1.0100 level and settles below it, activating he negative effect of the falling wedge pattern that appears in the image, which supports the continuation of the suggested negative scenario in our last report, waiting for targeting 1.0043 then 0.9973 levels mainly.
Therefore, we wait for negative trading for today, supported by the negative pressure that comes from the EMA50, reminding you that the continuation of the bearish trend depends on the stability below 1.0157 level.
Expected trading range for today is between 0.9973 support and 1.0140 resistance.
Expected trend for today: Bearish
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