The USDCHF achieves slight gains – Analysis - 08-12-2020
Economies.com
2020-12-08 05:12AM UTC
The USDCHF pair showed temporary rise yesterday to test 0.8945 level, but it returns to decline again, which keeps our bearish overview valid and active, supported by the negative pressure formed by the EMA50, waiting to visit 0.8840 as a next target.
We remind you that the continuation of the expected bearish wave depends on the price stability below 0.8975.
The expected trading range for today is between 0.8840 support and 0.8950 resistance.
The expected trend for today: Bearish
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