USDCHF retests – Analysis - 11-12-2018
Economies.com
2018-12-11 05:26AM UTC
The USDCHF price retested 0.9900 level that was broken previously and kept its stability below it, to keep the correctional bearish trend scenario valid on the intraday and short term basis, supported by the negative signal that stochastic begins to provide now, waiting to visit 0.9835 level as a next target.
We should note that breaching 0.9900 might push the price to test 0.9990 direct before any new attempt to decline.
Expected trading range for today is between 0.9800 support and 0.9930 resistance.
Expected trend for today: Bearish
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