The USD/CHF breaks the support – Analysis – 17/08/2021

usd_newsThe USDCHF pair continued its negative pressure to break 0.9135 level and settles below it, to activate the negative scenario that targets visiting 0.9060 areas initially, supported by moving below the EMA50.

Therefore, we suggest witnessing more bearish bias in the upcoming sessions, noting that breaching 0.9135 and holding above it will stop the current negative pressure and lead the price to start new recovery attempts.

The expected trading range for today is between 0.9060 support and 0.9180 resistance.

The expected trend for today: Bearish

Origin: Economies

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