The USDCHF pair continues the strong decline to surpass our waited target at 0.8930 and settles below it, which supports the continuation of our bearish overview on the intraday and short term basis, and the way is open to head towards our next station that reaches 0.8840.
The EMA50 continues to support the expected decline, which will remain valid unless breaching 0.8975 level and holding above it.
The expected trading range for today is between 0.8840 support and 0.8950 resistance.
The expected trend for today: Bearish
Origin: Economies
