USDCHF continues to decline – Analysis - 17-02-2017
Economies.com
2017-02-17 05:43AM UTC
The USDCHF pair traded with clear negativity yesterday to surpass our waited targets at 0.9990 and 0.9973, noticing that the price closed the daily candlestick below the last level, which supports the chances for the continuation of the bearish trend in the upcoming period, easing the way towards visiting the recorded bottom at 0.9859.
Therefore, the bearish bias will be preferred for today, supported by the negative pressure that comes from the EMA50, pointing that the continuation of the expected decline depends on the stability below 1.0043.
Expected trading range for today is between 0.9859 support and 1.0043 resistance.
Expected trend for today: Bearish
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