The USDCHF pair succeeded to achieve our waited target at 0.9010 and broke this level strongly to settle below it, which confirms opening the way to extend the bearish wave on the short term basis, and we believe that the way is open to head towards our next target that reaches 0.8930.
Therefore, we are waiting for more decline in the upcoming period, noting that breaching 0.9030 will push the price to start intraday recovery attempts and achieve some bullish correction before turning back to decline again.
The expected trading range for today is between 0.8930 support and 0.9030 resistance.
The expected trend for today: Bearish
Origin: Economies
