The USDCHF pair shows calm negative trading to approach from the sideways range support located at 1.0075, and as we mentioned in our recent reports, breaking this level will push the price to start bearish correction that its main targets begin at 1.0005 and extend to 0.9894.
On the other hand, breaching the mentioned range’s resistance at 1.0190 will lead the price to resume its bullish track on the short term basis, which its next target located at 1.0326.
Until now, the sideways trading scenario will remain dominant on the intraday basis until the price manages to breach one of the mentioned sideways range’s lines.
Expected trading range for today is between 1.0050 support and 1.0190 resistance.
Expected trend for today: Sideways
Origin: Economies
