The USDCHF pair opens today’s trading with bullish bias to move above 0.9990, but the EMA50 continues to form negative pressure on the price, to keep the chances valid to continue the expected bearish trend scenario on the intraday basis, which its next main target located at 0.9900.
We should note that breaching 0.9990 followed by 1.0025 levels will lead the price to regain the main bullish trend again, to target 1.0128 level as a first main station.
The expected trading range for today is between 0.9920 support and 1.0040 resistance.
The expected trend for today: Bearish
Origin: Economies
