Forex

The USDCHF breaks the support – Analysis - 19-07-2019

2019-07-19 04:56:57 GMT (Economies.com)

The USDCHF pair managed to break 0.9836 level and closed the daily candlestick below it, confirming the continuation of the bearish trend in the upcoming sessions, waiting to head towards 0.972 areas on the near term basis.

 

Therefore, we will continue to suggest the bearish trend supported by moving below the EMA50, conditioned by the price stability below 0.9910.

 

The expected trading range for today is between 0.9760 support and 0.9870 resistance.

The expected trend for today: Bearish

 

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