The USD/CHF resumes the decline – Analysis – 30/07/2020

rub-usd-dollarThe USDCHF pair resumed its negative trading to move away from 0.9187, reinforcing the expectations of continuing the bearish trend on the intraday and short term basis, supported by the negative pressure formed by the EMA50, reminding you that our next target is located at 0.9077, while holding below 0.9187 represents key condition to achieve it.

The expected trading range for today is between 0.9070 support and 0.9185 resistance.

The expected trend for today: Bearish

Origin: Economies

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