The USD/CHF breaks the support – Analysis – 29/07/2021

forex-news-usd_dollarThe USDCHF pair broke 0.9135 level strongly to fall under more expected negative pressure for the upcoming period, as it completed forming double top pattern that its signs appear on the chart, on its way to visit 0.9060 followed by 0.8990 levels as next main targets.

The EMA50 supports the expected decline, which will remain valid unless breaching 0.9135 and holding above it again.

The expected trading range for today is between 0.9040 support and 0.9130 resistance.

The expected trend for today: Bearish

Origin: Economies

 

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