The USDCHF pair continued its negative trading to break 0.9848 and ends yesterday’s trading below it, showing more bearish bias to trade below the bearish trend line that appears on chart, which stops the bullish bias suggested in our recent reports and push the price to return to the bearish trend again, and the way is open to visit 0.9752 followed by 0.9634 levels in the upcoming period.
The EMA50 forms negative pressure that supports the expected decline, which will remain valid and active unless breaching 0.9944 level and holding above it.
Expected trading range for today is between 0.9700 support and 0.9848 resistance.
Expected trend for today: Bearish
Origin: Economies
