The USDCHF surpasses the second target – Analysis - 05-02-2021
Economies.com
2021-02-05 04:57AM UTC
The USDCHF pair succeeded to achieve our waited target at 0.9025 and breached it to close the daily candlestick above it, which supports the chances of extending the correctional bullish wave, which its next target located at 0.9090.
Therefore, the bullish trend will remain active for the upcoming period, supported by the EMA50, noting that surpassing the mentioned target will push the price towards 0.9190 as a next main station, while the expected rise will remain valid conditioned by the price stability above 0.9025.
The expected trading range for today is between 0.9000 support and 0.9100 resistance.
The expected trend for today: Bullish
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