USDCHF surpasses the first target – Analysis - 06-01-2017
Economies.com
2017-01-06 04:52AM UTC
The USDCHF pair continued its decline to surpass our first waited target at 1.0128 and settles below it, which confirms opening the way to extend the bearish wave in the upcoming sessions, to head towards our next target at 0.9996.
Therefore, we are waiting for more decline on the intraday basis, supported by the EMA50, noting that breaching 1.0210 level will stop the negative overview and lead the price to resume the main bullish trend again, to start the positive targets at 1.0326 mainly.
Expected trading range for today is between 1.0000 support and 1.0160 resistance.
Expected trend for today: Bearish
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