USDCHF loses momentum – Analysis - 03-09-2018
Economies.com
2018-09-03 04:19AM UTC
The USDCHF pair shows some slight bullish bias now to approach testing 0.9723 level that turns into resistance after breaking it previously, accompanied by stochastic reach to the overbought areas, which forms negative factor that we are waiting to assist to push the price to decline again.
Therefore, the chances are valid to resume the bearish trend in the upcoming sessions, which its next target located at 0.9620, noting that breaching 0.923 will stop the expected decline and push the price to achieve positive targets that start at 0.9850.
Expected trading range for today is between 0.9600 support and 0.9750 resistance.
Expected trend for today: Bearish
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