The USD/CHF reaches the second target – Analysis – 02/02/2021

chf_forexThe USDCHF pair succeeded to breach 0.8923 to complete forming the positive pattern and reach our waited target at 0.8975, waiting for more rise to surpass this level and head towards 0.9025 as a next station.

Therefore, we will continue to suggest the bullish trend for the upcoming period supported by the EMA50 conditioned by the price stability above 0.8923.

The expected trading range for today is between 0.8920 support and 0.9040 resistance.

The expected trend for today: Bullish

Origin: Economies

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