The USDCHF resumes the decline – Analysis - 02-11-2021
Economies.com
2021-11-02 05:27AM UTC
The USDCHF pair declined strongly yesterday to break 0.9200 and approaches our waited target at 0.9060, expecting the continuation of the negative trades domination to surpass the mentioned level and head towards 0.9000 as a next negative station.
Therefore, the negative scenario will remain suggested in the upcoming sessions supported by the negative pressure formed by the EMA50, noting that the continuation of the expected decline requires holding below 0.9140 and the most important below 0.9200.
The expected trading range for today is between 0.9030 support and 0.9140 resistance.
The expected trend for today: Bearish
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