Bearish scenario: Shorts below 18100 with TP1: 17900... Anticipated bullish scenario: Intraday Longs above 18130 with TP...
USD/CHF reached sell target 0.9890
2019-11-11 • Updated
- USD/CHF reached sell target 0.9890
- Next sell target - 0.9750
USD/CHF continues to fall sharply – following the earlier breakout of the pivotal support level 0.9890 (which stopped the previous sharp minor impulse wave 1 in January and which was set as the sell target in our previous forecasts for this currency pair). The breakout of the support level 0.9890 intensified the bearish pressure on this currency pair.
USD/CHF is expected to fall further to the next sell target at the support level 0.9750 (forecast price for the termination of the active intermediate impulse wave (1)).
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