USDCHF breaks the support – Analysis - 22-08-2018
Economies.com
2018-08-22 04:40AM UTC
The USDCHF pair broke 0.9850 level clearly and attempts to hold below it now, which stops the recently suggested positive scenario and put the price under the correctional bearish pressure, targeting heading towards 0.9723 as a next main station.
Therefore, the bearish bias will be suggested in the upcoming sessions supported by the negative pressure formed by the EMA50, noting that breaching 0.950 will stop the expected decline and push the price to recover again.
Expected trading range for today is between 0.9770 support and 0.9890 resistance.
Expected trend for today: Bearish
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