The USDCHF breaches the resistance – Analysis - 02-12-2019
Economies.com
2019-12-02 05:52AM UTC
The USDCHF pair breached 0.9990 level and settled with a daily close above it, which stops our recently suggested negative scenario and leads the price to achieve expected gains for the upcoming period, noting that our next target is located at 1.0070.
The EMA50 supports the expected rise, noting that breaking 0.9990 and holding below it again will put the price under intraday negative pressure that targets 0.9836 areas mainly.
The expected trading range for today is between 0.9950 support and 1.0070 resistance.
The expected trend for today: Bullish
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