The USDCHF pair managed to reach our first waited target at 0.9110, waiting for more decline to surpass this level and confirm extending the bearish wave that targets 0.9010 as a next main station.
Therefore, we will continue to suggest the bearish trend for the upcoming period, supported by moving below the EMA50, noting that holding below 0.9192 represents major condition to continue the suggested bearish wave.
The expected trading range for today is between 0.9040 support and 0.9160 resistance.
The expected trend for today: Bearish
Origin: Economies
