USDCHF tests the support – Analysis - 22-11-2017
Economies.com
2017-11-22 04:53AM UTC
The USDCHF pair tested the key support 0.9892 without managing to break it until now, falling under continuous negative pressure coming by the EMA50, to keep the bearish trend scenario active in the upcoming sessions, noting that breaking the mentioned level will push the price towards 0.9800 as a next main target.
We should note that breaching 0.9990 will stop the current correctional bearish wave and lead the price to return to the main bullish trend again.
Expected trading range for today is between 0.9830 support and 0.9980 resistance.
Expected trend for today: Bearish
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