USDCHF approaches the target – Analysis - 14-09-2018
Economies.com
2018-09-14 03:55AM UTC
The USDCHF pair traded with clear negativity yesterday to approach our waited target at 0.9620, which represents 50% Fibonacci correction level for the rise measured from 0.9186 to 1.0055, which means that breaking this level will push the price towards 0.9518 direct.
The EMA50 forms continuous negative pressure against the price, to support the chances of continuing the bearish bias in the upcoming period, noting that breaching 0.9723 – 0.9740 levels will stop the expected decline and lead the price to rise again.
Expected trading range for today is between 0.9570 support and 0.9700 resistance.
Expected trend for today: Bearish
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