USDCHF retests – Analysis - 16-11-2017
Economies.com
2017-11-16 04:49AM UTC
The USDCHF pair retests the previously broken 23.6% Fibonacci correction level, accompanied by stochastic reach to the overbought areas now, forming negative factor that we expect to push the price to resume the correctional bearish trend, which its next target located at 0.9800.
Therefore, the bearish trend will remain expected in the upcoming sessions unless the price rallied to breach 0.9910 followed by 0.9965 levels and hold above them.
Expected trading range for today is between 0.9800 support and 0.9940 resistance.
Expected trend for today: Bearish
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