The USD/CHF loses momentum – Analysis – 22/06/2020

usd_chf_forex_1The USDCHF pair shows sideways trading and keeps moving around the EMA50, and as long as the price is below 0.9541, our bearish overview will remain valid for the upcoming period, supported by stochastic reach to the overbought areas again, waiting to resume the negative trades that target visiting 0.9456 as a first main station.

The expected trading range for today is between 0.9430 support and 0.9560 resistance.

The expected trend for today: Bearish

Origin: Economies

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