USDCHF attacks the support – Analysis - 19-01-2018
Economies.com
2018-01-19 05:18AM UTC
The USDCHF pair bounced downwards strongly yesterday to start attacking the key support 0.9566, which supports the continuation of our bearish overview on the intraday and short term basis, reminding you that breaking the mentioned level will extend the bearish wave to reach 0.9420 as a next station.
Therefore, the bearish trend will remain dominant in the upcoming sessions supported by the negative pressure formed by the EMA50, unless the price managed to breach 0.9656 level and hold above it.
Expected trading range for today is between 0.9500 support and 0.9620 resistance.
Expected trend for today: Bearish
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