The USDCHF hits the target – Analysis - 02-12-2020
Economies.com
2020-12-02 04:56AM UTC
The USDCHF pair succeeded to achieve our waited target at 0.9010 and managed to surpass it and hold above it, which supports the expectations of extending the bearish wave on the short term basis, which its next target located at 0.8930.
The EMA50 continues to support the suggested bearish wave, noting that breaching 0.9010 and holding above it will stop the expected decline and leads the price to start recovery attempts that target testing 0.9100 areas initially.
The expected trading range for today is between 0.8930 support and 0.9040 resistance.
The expected trend for today: Bearish
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