USDCHF forms negative pattern – Analysis - 07-03-2018
5 years ago

The USDCHF pair continues to fluctuate around the EMA50, starting today with slight bearish bias on its way to test the key support at 0.9345, which forms the neckline of the head and shoulders’ pattern that its signs appear on the chart, which means that breaking this support will confirm the continuation of the bearish trend in the upcoming sessions and push the price towards our main waited target at 0.7186 direct.


Therefore, our bearish overview will remain valid and active unless breaching 0.9415 level and holding above it.



Expected trading range for today is between 0.9280 support and 0.9415 resistance.


Expected trend for today: Bearish

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