The USDCHF pair declined strongly in the last Friday to succeed to achieve our waited target at 0.9305, and begins today with an extra decline to hit the recorded bottom in 2018 at 0.9187, noticing that the price faces more of the negative pressure as a signal for the continuation of the expected decline in the upcoming sessions, where our next target reaches to 0.9070.
therefore, the negative scenario will remain preferred on the intraday and short term basis unless braeching 0.9338 level and holding above it.
The expected trading range for today is between 0.9150 support and 0.9300 resistance.
The expected trend for today: Bearish
Origin: Economies
