The USDCHF pair succeeded to achieve our first target at 0.9578 and broke this level strongly to settle below it, which confirms extending the bearish wave on the short term basis, waiting to head towards our next target at 0.9347.
The EMA50 keeps supporting the suggested bearish wave, to keep the bearish trend valid and active in the upcoming period conditioned by holding below 0.9578, as breaching this level will push the price to test the most important resistance for the short term trading at 0.9700 before any new attempt to decline.
Expected trading range for today is between 0.9480 support and 0.9600 resistance.
Expected trend for today: Bearish
Origin: FreshForex
