The USDCHF pair continues the calm decline to gradually aprpaoch our first waited target at 0.9056, waiting for more bearish bias to break this level and confirm extend the bearish wave towards 0.8965, supported by the negative pressure formed by the EMA50.
Therefore, we will continue to suggest the bearish trend on the intraday and short term basis unless breaching 0.9187 followed by 0.9213 and holding above them.
The expected trading range for today is between 0.9020 support and 0.9150 resistance.
The expected trend for today: Bearish
Origin: Economies
