The USDCHF pair traded with clear negativity yesterday to approach from our first main target at 0.9915, falling under continuous negative pressure provided by the EMA50, which supports the continuation of the bearish bias in the upcoming period, noting that breaking the mentioned level will push the price to head towards 0.9864 followed by 0.9783 areas mainly.
Therefore, we will be waiting for more decline in the upcoming sessions unless we witnessed clear breach and holding above 1.0025.
Expected trading range for today is between 0.9864 support and 1.0000 resistance.
Expected trend for today: Bearish
Origin: Economies
