The USD/CHF hits the target – Analysis – 31/07/2020

chf_forexThe USDCHF pair traded with strong negativity yesterday to succeed achieving our waited target at 0.9077, expecting the continuation of the negative pressure to head towards 0.8990 that represents our next negative target.

Therefore, the bearish trend will remain dominant in the upcoming sessions unless the price rallied to breach 0.9187 and hold above it.

The expected trading range for today is between 0.8990 support and 0.9140 resistance.

The expected trend for today: Bearish

Origin: Economies

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