USDCHF within sideways track – Analysis - 18-05-2018
Economies.com
2018-05-18 01:17AM UTC
The USDCHF pair shows sideways trading and settles around the EMA50, noticing that stochastic loses its positive momentum to reach the overbought areas now, forming negative motive that we are waiting to push the price to resume the bearish trend, which its next target located at 0.9900.
Holding below 1.0055 represents the most important condition to continue the expected decline, as breaching it will push the price to regain the main bullish trend again.
Expected trading range for today is between 0.9940 support and 1.0055 resistance.
Expected trend for today: Bearish
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