The USD/CHF affected by the negative momentum – Analysis – 12/02/2020

forex-news-usd_dollarThe USDCHF pair provided negative trades yesterday, affected by the negative signals coming from stochastic, to test the EMA50, but as long as the price is above 0.9712, our bullish overview will remain valid for the upcoming period, which targets testing 0.9836 level, reminding you that surpassing this level will push the price to 0.9945 as a next positive target.

The expected trading range for today is between 0.9730 support and 0.9850 resistance.

The expected trend for today: Bullish

Origin: Economies

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