USDCHF reaches the first target – Analysis - 18-12-2018
Economies.com
2018-12-18 05:04AM UTC
The USDCHF price bounced lower clearly yesterday, to succeed to reach our initial waited target at 0.9900, and the price moves within the bearish correctional channel, supporting the chances for the continuation of the bearish bias to break the mentioned level, and the extension of the bearish wave to 0.9835, which represents our next main target.
Therefore, we wait for more of the downside moves in the upcoming sessions unless braeching 0.9990 level and holding above it.
Expected trading range for today is between 0.9850 support and 0.9970 resistance.
Expected trend for today: Bearish
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