USD/CHF breaks the support – Analysis – 10/12/2018

chf_forexThe USDCHF price managed to break 0.9900 level and settled below it, opening the way to target 0.9835 level that represents 50% Fibonacci correction level for the rise from 0.9542 to 1.0128, waiting for more decline today.

The EMA50 supports the expected decline, noting that holding below 0.9900 represents initial condition for its continuation.

Expected trading range for today is between 0.9800 support and 0.9930 resistance.

Expected trend for today: Bearish

USDCHF breaks the support – Analysis - 10-12-2018

Origin: Economies

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