The USDCHF pair fluctuates around the bearish channel’s resistance and attempts to trade below it, as it falls under continuous negative pressure coming by the EMA50, waiting for more decline to head towards 0.9000 areas mainly.
Therefore, the bearish trend scenario will remain valid and active for the upcoming period conditioned by the price stability below 0.9192.
The expected trading range for today is between 0.9000 support and 0.9150 resistance.
The expected trend for today: Bearish
Origin: Economies
