USDCHF hits the first target – Analysis - 11-02-2019
Economies.com
2019-02-11 05:24AM UTC
The USDCHF pair rallied upwards strongly by today’s opening to touch our first waited target at 1.0070 and rebounds bearishly to settle near the key support 0.9990 again, noticing that the EMA50 continues to protect the mentioned support, while stochastic shows clear oversold signals.
Therefore, we believe that the chances are valid to resume the bullish bias in the upcoming sessions, as our next target is located at 1.0128, while holding above 0.9990 represents key condition to achieve the waited targets.
The expected trading range for today is between 0.9970 support and 1.0100 resistance.
The expected trend for today: Bullish
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