USDCHF heads to retest – Analysis - 13-01-2017
Economies.com
2017-01-13 05:31AM UTC
The USDCHF pair found good support at 1.0062 that pushes the price to show some bullish bias and approaches from testing the previously broken level at 1.0128, noticing that stochastic loses its bullish momentum clearly, while the EMA50 keeps pushing negatively on the price.
Therefore, we keep preferring the bearish trend in the upcoming sessions, and its next main target at 0.9996, pointing that the expected decline depends on the stability below 1.0128 and the most important below 1.0210.
Expected trading range for today is between 1.0000 support and 1.0170 resistance.
Expected trend for today: Bearish
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