The USDCHF touches the first target – Analysis - 30-12-2020

Economies.com
2020-12-30 05:04AM UTC

The USDCHF pair touches our first target at 0.8820 now, getting negative signals through stochastic, waiting to motivate the price to provide more bearish bias and head towards our next negative station that reaches 0.8730.

 

Therefore, the bearish trend scenario will remain valid and active for the upcoming period unless breaching 0.8915 and holding above it.

 

The expected trading range for today is between 0.8750 support and 0.8870 resistance.

 

The expected trend for today: Bearish

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