Forex

The USDCHF awaits more decline – Analysis - 19-03-2019

2019-03-19 05:08:02 GMT (Economies.com)

The USDCHF pair shows more bearish bias to reach the waited target at 0.9990, and the price falls under negative pressure coming by the EMA50, while stochastic provides negative overlapping signal on the four hours’ time frame, thus, we believe that the chances are valid to break the mentioned level and extend the bearish wave to reach 0.9900 as a next station.

 

Therefore, we will continue to suggest the bearish trend for today, reminding you that the continuation of the expected decline depends on the price stability below 1.0070 and 1.0128 levels.

 

The expected trading range for today is between 0.9940 support and 1.0050 resistance.

The expected trend for today: Bearish

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