The USDCHF pair traded with strong negativity yesterday after completing forming head and shoulders’ pattern that its signs appear on the chart, to break 0.9320 level and open the way to achieve more expected decline in the upcoming sessions, noting that the next negative target reaches 0.9210.
The EMA50 supports the expectations to decline, which will remain valid unless the price rallied to breach 0.9350 and hold above it.
The expected trading range for today is between 0.9250 support and 0.9350 resistance.
The expected trend for today: Bearish
Origin: Economies
