The USDCHF pair succeeded to touch our waited target at 0.9090 and begins bouncing bearishly from there, which hints that the price is on its way to decline in the upcoming sessions, to head towards potential visit to 0.9025 – 0.9000 levels mainly.
Therefore, the bearish bias will be expected for today, noting that breaking 0.9000 will extend the bearish wave to reach 0.8975 as a next target, while breaching 0.9090 represents the key to rally to achieve new gains that extend to 0.9190 on the near term basis.
The expected trading range for today is between 0.9000 support and 0.9100 resistance.
The expected trend for today: Bearish
Origin: Economies
