The USDCHF approaches the target – Analysis - 04-12-2019
Economies.com
2019-12-04 05:52AM UTC
The USDCHF pair provided clear negative trading yesterday to approach our waited target at 0.9836, noticing that the price moves within sideways track that its signs appear on the chart, which hints the possibility of bouncing bullishly after touching the mentioned level.
Therefore, the bearish bias will be suggested for today, noting that breaking the targeted level will extend the bearish wave to reach 0.9712 as a next main station, while failing to break will push the price to head towards 0.9990 areas in the upcoming sessions.
The expected trading range for today is between 0.9820 support and 0.9920 resistance.
The expected trend for today: Bearish
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