The USDCHF surpasses the extended target – Analysis - 11-06-2020
Economies.com
2020-06-11 04:38AM UTC
The USDCHF pair succeeded to achieve our waited target at 0.9456 and broke it to settle below it, which opens the way to extend the bearish wave on the intraday and short term basis, on its way to visit 0.9350 as a next main target.
Therefore, the bearish trend scenario will remain dominant in the upcoming sessions, noting that breaching 0.9456 and holding above it will lead the price to start recovery attempts that target testing 0.9541 areas initially.
The expected trading range for today is between 0.9360 support and 0.9500 resistance.
The expected trend for today: Bearish
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