The USDCHF pair managed to break 1.0075 level and settle below it again, which supports the continuation of our bearish trend expectations for the upcoming period, reinforced by the negative pressure provided by the EMA50, waiting to visit 1.0005 level initially.
Note that breaking the mentioned level will extend the correctional bearish wave to reach 0.9894 as a next main station, while the price needs to hold below 1.0075 – 1.0095 levels to continue the correctional bearish pressure.
Expected trading range for today is between 0.9950 support and 1.0100 resistance.
Expected trend for today: Bearish
Origin: Economies
