USDCHF gets a negative signal – Analysis - 20-12-2017
Economies.com
2017-12-20 05:01AM UTC
The USDCHF pair settles at the neckline of the double top pattern that appears on the chart, and the price falls under negative pressure provided by the EMA50, while stochastic overlaps negatively now.
Therefore, these factors encourage us to continue suggesting the bearish trend in the upcoming sessions, and breaking 0.9840 will confirm rallying towards negative targets that begin at 0.9800 and extend to 0.9730, while breaching 0.9892 represents positive factor that will stop the expected decline and push the price to return to the main bullish trend again.
Expected trading range for today is between 0.9770 support and 0.9900 resistance.
Expected trend for today: Bearish
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