The USDCHF negotiates the resistance – Analysis - 16-10-2020
Economies.com
2020-10-16 04:02AM UTC
The USDCHF pair fluctuates around the bearish channel’s resistance that appears on the chart, and the EMA50 continues to form negative pressure against the price, to keep the bearish trend scenario valid on the intraday and short term basis, waiting to head towards 0.9010 mainly.
On the other hand, we should note that breaching 0.9192 will stop the expected decline and leads the price to resume the correctional bullish trend.
The expected trading range for today is between 0.9070 support and 0.9192 resistance.
The expected trend for today: Bearish
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