The USDCHF pair bounced sharply to the downside after testing 0.9900 level on last Friday, to break 0.9800 level strongly and settles below it, which extends the bearish wave to target 0.9676 areas as a next main station, supported by the negative pressure offered by the EMA50.
Therefore, we expect the continuation of the bearish bias in the upcoming sessions unless breaching 0.9800 level and holding above it.
Expected trading range for today is between 0.9676 support and 0.9840 resistance.
Expected trend for today: Bearish
Origin: Economies
