Forex

The USDCHF approaches the target – Analysis - 30-11-2020

2020-11-30 05:15:34 GMT (Economies.com)

The USDCHF pair continues to decline to approach our waited target at 0.9010, falling under continuous negative pressure coming by the EMA50, which supports the chances of surpassing the mentioned level and open the way to head towards 0.8930 as a next negative target.

 

Therefore, we expect the continuation of the bearish trend domination in the upcoming period, conditioned by the price stability below 0.9115.

 

The expected trading range for today is between 0.8970 support and 0.9090 resistance.

 

The expected trend for today: Bearish

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