USDCHF attempts to breach – Analysis - 04-04-2018
Economies.com
2018-04-04 03:46AM UTC
The USDCHF pair attempted to breach 0.9581 level yesterday but it returns to move below it now, which keeps the bearish trend scenario valid until now, supported by stochastic move within the overbought areas, waiting to head towards 0.9488 as a first target.
We reminding you that confirming breaching 0.9581 will push the price to visit 61.8% Fibonacci correction level at 0.9675 before any new attempt to resume the general bearish trend.
Expected trading range for today is between 0.9500 support and 0.9640 resistance.
Expected trend for today: Bearish
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