The USDCHF pair settled below 0.9056, to keep the negative pressure valid for the upcoming period, waiting to visit 0.8965 that represents our next main target, noting that the EMA50 supports the suggested bearish wave.
Moving inside the bearish channel that appears on the chart supports the chances of achieving more decline on the short term and medium term basis, noting that the continuation of the bearish wave requires holding below 0.9056 and the most important below 0.9125.
The expected trading range for today is between 0.8970 support and 0.9080 resistance.
The expected trend for today: Bearish
Origin: Economies
