USDCHF Technical Analysis, the dollar and franc are trading in a bearish trend today during the European session. The dollar and franc are trading at $0.8757, and trading appears as shown in the chart under most moving average intersections. The MACD indicator also indicates the emergence of a negative trend indicating a weakness in selling power.
Accordingly, we can carry out a selling operation after the fall in the price of the dollar franc to the region of $0.8737, and the target could be the region of $0.8700. It is also recommended to choose the $0.8777 area as a stop loss point to control risk.
USDCHF Technical Analysis: On the other hand
On the other hand, if the resistance area at $0.8777 is broken, the USD/CHF price may head towards the $0.8800 level.
USDCHF Technical Analysis: resistance and support levels:
• Second resistance: 0.8779
• Initial resistance: 0.8769
• Pivot: 0.8764
• First support: 0.8755
• Second support: 0.8749
EURUSD Technical Analysis: It trades in a sideways direction
EURUSD Technical Analysis, The EURUSD It trades in a sideways direction today during the European session. We advise against trading until clear signals confirm the trend.
GBPUSD Technical Analysis: It trades in a sideways direction
GBPUSD Technical Analysis, the pound dollar is trades in a sideways direction today during the European session. We advise against trading until clear signals confirm the trend.
