USD/CHF breaks the support – Analysis – 21/09/2018

usd_new_1The USDCHF pair succeeded to break 0.9620 level and settled below it, which supports the continuation of our bearish overview efficiently in the upcoming sessions, opening the way to head towards our waited target at 0.9518, supported by the negative pressure formed by the EMA50.

Note that the continuation of the expected decline for today depends on holding below 0.9620.

Expected trading range for today is between 0.9518 support and 0.9620 resistance.

Expected trend for today: Bearish

USDCHF breaks the support – Analysis - 21-09-2018

Origin: Economies

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