USDCHF loses momentum – Analysis - 09-06-2017
Economies.com
2017-06-09 01:02AM UTC
The USDCHF pair keeps its stability below the key resistance 0.9700, as the EMA50 forms negative pressure against the price recent positive attempts, while stochastic reaches the thresholds of the overbought areas.
Therefore, these factors encourage us to continue suggesting the bearish trend in the upcoming sessions, to start the negative targets at 0.9578 and extend to 0.9347 after breaking the previous level.
Expected trading range for today is between 0.9578 support and 0.9700 resistance.
Expected trend for today: Bearish
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