USDCHF is limited to the first target – Analysis - 31-01-2019
Economies.com
2019-01-31 05:17AM UTC
The USDCHF price touched our first waited target at 0.9990 and bounced downwards strongly from there, to reach the thresholds of the key support 0.9900 again, noticing that this level turned to form neckline of a double top pattern that we expect to put the price under negative pressure in the upcoming sessions, as breaking this level will push the price towards 0.9835 mainly.
Therefore, the bearish bias will be suggested for today unless the price managed to rally upwards to breach 0.9990 level and hold above it.
Expected trading range for today is between 0.9850 support and 0.9970 resistance.
Expected trend for today: Bearish
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