USDCHF exits the sideways range – Analysis - 08-01-2019

2019-01-08 05:01:40 GMT (Economies.com)
USDCHF exits the sideways range – Analysis - 08-01-2019
 

The USDCHF price broke 0.9835 level clearly and settled below it, to open the way to extend the correctional bearish wave, targeting testing 0.9766 level as a next station.

 

The EMA50 supports the expected decline, noting that breaching 0.9835 and holding above it will push the price to the sideways track again.

 

Expected trading range for today is between 0.9760 support and 0.9870 resistance.

Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1295
0.0077
0.6842%
1.2707
0.0124
0.9886%
15.456
0.588
3.955%
57.334
4.825
9.189%
64.44
2.57
4.15%
1389.800
48.520
3.617%
 
 
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