The USDCHF hits the first target – Analysis - 17-12-2020
Economies.com
2020-12-17 05:08AM UTC
The USDCHF pair managed to touch our first waited target at 0.8840 and presses negatively on it, which supports the expectations of continuing the bearish trend in the upcoming sessions, on its way to visit 0.8700 that represents our next negative target.
Therefore, the bearish bias will remain dominant on the intraday and short term basis conditioned by the price stability below 0.8910.
The expected trading range for today is between 0.8760 support and 0.8900 resistance.
The expected trend for today: Bearish
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