The USDCHF confirms the break – Analysis - 11-02-2021
Economies.com
2021-02-11 05:00AM UTC
The USDCHF pair confirmed breaking 0.8923 level after closing the daily candlestick below it, to reinforce the expectations of continuing the bearish trend, and the way is open to visit 0.8860 level that represents our next target, noting that breaking this level will push the price to achieve more negative targets that extend to 0.8760.
The EMA50 supports the suggested bearish wave, noting that holding below 0.8923 represents initial condition to continue this decline.
The expected trading range for today is between 0.8840 support and 0.8940 resistance.
The expected trend for today: Bearish
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