The USD/CHF retests – Analysis – 02/01/2020

forex-news-usd_dollarThe USDCHF pair shows bullish bias to retest 0.9712 level that was broken previously, and as long as the price is below this level, our bearish overview will remain valid for the upcoming period, supported by the negative pressure formed by the EMA50, reminding you that our next main target is located at 0.9588.

The expected trading range for today is between 0.9600 support and 0.9730 resistance.

The expected trend for today: Bearish

Origin: Economies

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