The S&P 500 had a good week due to the impressive start of Q1 earnings and favorable inflation data. In March, the consumer price index rose 5%, lower than the previous month's 6%, and met economists' expectations.
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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