USDCHF breaks the support – Analysis - 14-12-2017
Economies.com
2017-12-14 05:04AM UTC
The USDCHF pair continued its negative pressure on the key support 0.9892 to break it and settle below it, which turns the price back to the correctional bearish track again, targeting testing 0.9800 level initially, noting that breaking this level will extend the pair's losses to reach 0.9730 as a next station.
Therefore, the bearish bias will be suggested for today unless the price managed to rally upwards to breach 0.9892 level and hold above it.
Expected trading range for today is between 0.9750 support and 0.9900 resistance.
Expected trend for today: Bearish
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