The USDCHF pair broke the symmetrical triangle’s support line that appears on the chart and settled below it, to activate the bearish trend scenario on the intraday basis, on its way to head towards 0.9000 as a first negative target.
Therefore, the bearish bias will be suggested for today supported by moving below the EMA50, taking into consideration that holding below 0.9120 is important to continue the expected decline.
The expected trading range for today is between 0.9030 support and 0.9130 resistance.
The expected trend for today: Bearish
Origin: Economies
