The USD/CHF affected by the negative momentum – Analysis – 18/02/2020

usd_newsThe USDCHF pair shows slight bearish bias after approaching our waited target at 0.9836, as the price affected by stochastic negativity, and it might lean on the EMA50 before attempting to rise again.

Until now, we continue to suggest the bullish trend for the upcoming period, and the price needs to breach 0.9836 to confirm heading towards 0.9945 as a next station, reminding you that failing to achieve the required breach will force the price to decline and visit 0.9712 areas before any new attempt to rise.

The expected trading range for today is between 0.9770 support and 0.9860 resistance.

The expected trend for today: Bullish

Origin: Economies

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