The USDCHF pair managed to break 0.9934 level and hold below it, which supports the continuation of our bearish overview efficiently for the upcoming period, opening the way to head towards our next target at 0.9864.
Therefore, we are waiting for more decline for today, supported by the negative pressure provided by the EMA50, noting that the continuation of the bearish trend depends on holding below 1.0010.
Expected trading range for today is between 0.9864 support and 0.9980 resistance.
Expected trend for today: Bearish
Origin: Economies
