USDCHF declines strongly – Analysis - 28-06-2017
Economies.com
2017-06-28 03:25AM UTC
The USDCHF pair achieved strong break to the symmetrical triangle's support line that appears on chart, to approach from the negative target mentioned in our last report at 0.9578, thus, the bearish trend will remain suggested in the upcoming period, noting that breaking the mentioned level will extend the pair's losses to reach 0.9347.
The EMA50 supports the expected decline, which will remain valid unless breaching 0.9700 followed by 0.9750 levels and holding above them.
Expected trading range for today is between 0.9500 support and 0.9640 resistance.
Expected trend for today: Bearish
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