USDCHF loses momentum – Analysis - 10-09-2018

The USDCHF pair shows some bullish bias to approach testing 0.9723 level again, met by the EMA50 to add more strength to it, noticing that stochastic loses its positive momentum and enters the overbought areas.

Therefore, these factors encourage us to keep our bearish overview in the upcoming period, which its next target located at 0.9620, noting that the continuation of the expected decline depends on holding below 0.9720 and 0.9750 levels.

Expected trading range for today is between 0.9620 support and 0.9750 resistance.

Expected trend for today: Bearish