USD/CHF touches the target – Analysis – 31/05/2018

forex_statiThe USDCHF pair declines gradually, as the price falls under the negative effect of the doule top pattern that appears on the chart, waiting for more decline in the upcoming sessions, noting that the expected targets begin by breaking 0.9850 level to open the way to head towards 0.9723, while holding below 0.9955 represents key condition to continue the expected decline.

Expected trading range for today is between 0.9800 support and 0.9955 resistance.

USDCHF touches the target – Analysis - 31-05-2018

Origin: Economies

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