USDCHF retests – Analysis - 29-05-2018
Economies.com
2018-05-29 01:20AM UTC
The USDCHF pair retested 0.9955 level and kept its stability below it, which keeps the bearish trend scenario active in the upcoming period, affected by the previously broken double top pattern, waiting to visit 0.9850 level mainly.
Stochastic loses its positive momentum clearly to reach the overbought areas, which supports the expetations to decline, reminding you that it is important to hold below 0.9955 to continue the expected bearish bias.
Expected trading range for today is between 0.9860 support and 0.9970 resistance.
Expected trend for today: Bearish
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