The USDCHF pair keeps its stability below the intraday bearish channel’s resistance line, and begins providing negative trades in attempt to move away from this resistance, which keeps the bearish trend scenario valid and active for the upcoming period, which targets 0.9010 level as a next main station.
The EMA50 supports the expected decline, which will remain valid unless breaching 0.9192 level and holding above it.
The expected trading range for today is between 0.9070 support and 0.9192 resistance.
The expected trend for today: Bearish
Origin: Economies
