The USDCHF pair succeeded to touch our first waited target at 0.9056 and presses negatively on it in attempt to confirm breaking it, which supports the expectations of extending the bearish wave on the intraday and short term basis, as our next target is located at 0.8965.
The EMA50 continues to support the expected decline, noting that failing to achieve the required break might push the price to achieve intraday gains that target testing 0.9153 areas initially before any new attempt to decline.
The expected trading range for today is between 0.8980 support and 0.9100 resistance.
The expected trend for today: Bearish
Origin: Economies
