USDCHF activates the negative pattern – Analysis - 23-05-2018
Economies.com
2018-05-23 01:28AM UTC
The USDCHF pair succeeded to break 0.9955 level and hold with a daily close below it, confirming the completion of the double top pattern that appears on the chart, which forms negative motive that we are waiting to push the price to head towards 0.9850 on the near term basis.
Therefore, the bearish bias will remain suggested in the upcoming period, noting that breaching 0.9955 might push the price to test 1.0055 areas before any new attempt to decline.
Expected trading range for today is between 0.9850 support and 0.9970 resistance.
Expected trend for today: Bearish
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