USDCHF under the negative pressure – Analysis - 05-01-2017
Economies.com
2017-01-05 05:00AM UTC
The USDCHF pair bounced downwards clearly to break 1.0210 and settle below it, which puts the price under the correctional bearish pressure again, paving the way to target 1.0128 followed by 0.9996 levels in the upcoming period.
Therefore, the bearish bias will be suggested for today supported by the negative pressure formed by the EMA50, noting that breaching 1.0210 – 1.0235 levels will bring the price back to the main bullish track that its targets begin at 1.0326 and extend to 1.0450.
Expected trading range for today is between 1.0000 support and 1.0235 resistance.
Expected trend for today: Bearish
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