The USD/CHF continues to rise – Analysis – 02/11/2020

usd_chf_forex_1The USDCHF pair shows more rise to approach our waited target at 0.9190, getting continuous positive support by the EMA50, which supports the chances of surpassing the mentioned level and open the way to extend the bullish wave on the longer term basis, reminding you that the next positive target extends to 0.9305.

Therefore, our bullish overview will remain valid and active unless breaking 0.9090 level and holding below it.

The expected trading range for today is between 0.9110 support and 0.9240 resistance.

The expected trend for today: Bullish

Origin: Economies

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