USDCHF resumes the decline – Analysis - 21-05-2018
Economies.com
2018-05-21 01:43AM UTC
The USDCHF pair traded with clear negativity in the previous sessions, noticing that the price draws negative formation that appears on the chart, which means that breaking 0.9955 will activate the negative effect of this pattern and push the price towards our waited target at 0.9900 direct.
Therefore, our bearish overview will remain active, supported by stochastic reach to the overbought areas, reminding you that it is important to hold below 1.0055 to continue the expected bearish trend.
Expected trading range for today is between 0.9900 support and 1.0020 resistance.
Expected trend for today: Bearish
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