The (USDCHF) price declined in its last intraday trading, after an intraday bullish journey to recover some of its previous losses, amid the continuation of the negative pressure due to its trading below EMA50, and under the dominance of steep bearish sub-wave on the short-term basis, besides the emergence of negative overlapping signals on the relative strength indicators, after reaching exaggerated overbought levels compared to the price move, to suggest forming negative divergence, which might increase the negative pressures on the price in the upcoming period.
Origin: Economies
