The USDCHF pair trades with strong negativity to succeed touching our first expected target at 0.9578, noting that the price broke this level and ended last week below it, which opens the way to head towards our next main target at 0.9437.
Therefore, the bearish trend scenario will remain valid efficiently in the upcoming period, supported by the negative pressure formed by the EMA50, noting that holding below 0.9578 represents the first condition to continue the expeted decline.
Expected trading range for today is between 0.9460 support and 0.9600 resistance.
Expected trend for today: Bearish
Origin: Economies
