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USDCHF reaches the second target – Analysis - 21-12-2018
The USDCHF price succeeded to reach our second waited target at 0.9835 after the strong decline that it witnessed yesterday, as it broke 0.9900 level strongly, and the price falls under continuous negative pressure coming by the EMA50, which supports the chances of continuing the decline within the correctional bearish channel that appears on the chart.
Therefore, the bearish trend will remain suggested in the upcoming period, and breaking 0.9835 will push the price towards 0.9766 as a next station, while breaching 0.9900 will stop the expected decline and lead the price to start new recovery attempts.
Expected trading range for today is between 0.9800 support and 0.9940 resistance.
Expected trend for today: Bearish
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