The USDCHF pair broke 0.9945 level strongly and settled with a daily close below it, which pushes the price to extend the bearish wave on the intraday basis, noting that the next targets located at 0.9890 followed by 0.9800.
The EMA50 presses negatively on the price to support the expectations of continuing the bearish trend, which will remain valid unless breaching 0.9960 followed by 1.0025 levels and holding above them.
The expected trading range for today is between 0.9870 support and 0.9960 resistance.
The expected trend for today: Bearish
Origin: Economies
