The USDCHF pair managed to break the neckline of the double top pattern that appears on the chart, to trade negatively and head towards our waited target at 0.9990, which supports the expectations of continuing the bearish trend in the upcoming sessions, supported by moving below the EMA50.
Note that breaking the above mentioned level will put the price under more negative pressure that its next targets reach 0.9900, while the bearish trend will remain valid unless breaching 1.0070 and the most important 1.0128 levels.
The expected trading range for today is between 0.9990 support and 1.0070 resistance.
The expected trend for today: Bearish
Origin: Economies
