What happened? It looks like the decline in EUR/CHF to 1…
USD/CHF reached sell target 0.9550
2019-11-11 • Updated
- USD/CHF reached sell target 0.9550
- Next buy target - 0.9750
USD/CHF has been rising in the last few trading sessions – following the earlier upward reversal form the support area lying between the powerful support level 0.9550 (which has been reversing the price from last August and which was set as the sell target for this currency pair) and the lower daily Bollinger Band. USD/CHFis expected to rise to the next buy target at the next resistance level 0.9750 (which reversed the previous minor correction in June).
The US Dollar has been losing value against the Swiss franc for more than a month now. Let's examine where it might be going.
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
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