The USDCHF pair attempted to surpass the EMA50 yesterday but it returns to move below it, to keep the intraday bearish trend scenario valid until now, which targets testing 0.9836 level, reminding you that breaking this level will push the price to achieve more decline and head towards 0.9712 on the near term basis, while breaching 0.9910 will lead the price to test the sideways range’s resistance at 0.9990 before any new attempt to decline.
The expected trading range for today is between 0.9836 support and 0.9950 resistance.
The expected trend for today: Bearish
Origin: Economies
