USDCHF breaks the support – Analysis - 05-03-2018

2018-03-05 05:24:43 GMT (Economies.com)
 

The USDCHF pair continued to decline to break 0.9373 level and settles below it, which puts the price under the negative pressure again, especially that the price moves below the EMA50, to head towards targeting 0.9186 as a next main station.

 

Therefore, the bearish bias will be expected in the upcoming sessions unless the price managed to breach 0.9373 level and hold with a daily close above it.

 

Expected trading range for today is between 0.9280 support and 0.9400 resistance.

 

Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
0.9680
0.0025
0.2600%
1.0797
-0.0023
0.2107%
18.715
-0.143
0.758%
81.874
2.580
3.254%
89.32
3.00
3.48%
1653.350
7.990
0.486%
 
 
Live Forex Updates