USDCHF loses momentum – Analysis - 21-11-2018
Economies.com
2018-11-21 05:13AM UTC
The USDCHF price provided positive trades yesterday to settle around 0.9950 level, noticing that stochastic loses the positive momentum and enters the overbought areas, which forms negative factor that we expect to push the price to resume the correctional bearish trend, which its targets begin by breaking 0.9900 to confirm heading towards 0.9834 as a next station.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions unless breaching 0.9990 level and holding with a daily close above it.
Expected trading range for today is between 0.9850 support and 0.9990 resistance.
Expected trend for today: Bearish
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