The USD/CHF within sideways track – Analysis – 19/10/2020

usd_chf_forex_1The USDCHF pair shows sideways and tight trading recently, fluctuating around the EMA50, thus, no change to the bearish trend scenario that depends on the price stability below 0.9192, waiting to get negative motive that supports the chances of resuming the decline that its targets begin at 0.9085 and extend to 0.9010.

The expected trading range for today is between 0.9085 support and 0.9192 resistance.

The expected trend for today: Bearish

Origin: Economies

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