USDCHF under the negative pressure – Analysis - 27-08-2018
Economies.com
2018-08-27 04:30AM UTC
The USDCHF pair failed to settle above 0.9850 level, to trade negatively again, as it moves below the mentioned level, noticing that the price trades inside a bearish channel that appears on the chart, falling under negative pressure that comes by the EMA50.
Therefore, these factors support the chances of continuing the bearish bias in the upcoming sessions, and the next main target is located at 0.9723, noting that breaching 0.9850 – 0.9875 levels will lead the price to attempt to regain the main bullish trend again.
Expected trading range for today is between 0.9750 support and 0.9880 resistance.
Expected trend for today: Bearish
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