Forex

The USDCHF keeps declining – Analysis - 21-10-2020

2020-10-21 04:03:42 GMT (Economies.com)

The USDCHF pair shows more decline to approach our main waited target at 0.9010, organized inside the bearish channel that appears on the chart, which supports the chances of achieving more decline on the short term basis.

 

Therefore, the bearish bias will remain dominant in the upcoming sessions supported by the EMA50 that keeps pressing negatively on the price, noting that breaching 0.9105 will stop the expeted decline and push the price to test 0.9192 level before any new attempt to decline.

 

The expected trading range for today is between 0.8990 support and 0.9100 resistance.

 

The expected trend for today: Bearish

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