USDCHF loses momentum – Analysis - 21-06-2016
Economies.com
2016-06-21 00:54AM UTC
The USDCHF pair showed negative trading yesterday and attempted to break 0.9600 barrier, as it fluctuates around this level now, noticing that stochastic loses its positive momentum clearly to approach from the thresholds of the overbought areas, which forms negative factor that we are waiting to push the price to resume the main bearish trend, which gets continuous support by the EMA50.
Our next target is located at 0.9474, reminding you that it is important to hold below 0.9676 to continue the expected bearish trend.
Expected trading range for today is between 0.9500 support and 0.9700 resistance.
Expected trend for today: Bearish
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