USDCHF loses momentum – Analysis - 06-03-2018
The USDCHF pair shows sideways trading around the EMA50, noticing that the EMA50 shows clear negative signals on the four hours’ time frame, while the price settles below the intraday bullish channel’s support line that appears on the chart.
Therefore, we will continue to suggest the bearish trend in the upcoming period conditioned by the price stability below 0.9440 level, noting that breaking 0.9373 is required to confirm the extension of the bearish wave towards 0.9186.
Expected trading range for today is between 0.9300 support and 0.9460 resistance.
Expected trend for today: Bearish