USDCHF attempts positively – Analysis - 01-05-2017
Economies.com
2017-05-01 04:15AM UTC
The USDCHF pair shows positive attempts to surpass the intraday bearish channel's resistance, but it faces the EMA50 that forms good resistance against the price, while stochastic loses its positive momentum clearly.
Therefore, these factors encourage us to continue suggesting the bearish trend in the upcoming sessions, and breaking 0.9934 level will confirm opening the way to head towards 0.9864 as a next main station, while breaching 1.0010 will stop the current negative pressure and lead the price for recovery attempts that mainly target 1.0133.
Expected trading range for today is between 0.9864 support and 1.0010 resistance.
Expected trend for today: Bearish
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