The USDCHF pair managed to break the bearish pennant’s support line to get negative motive that supports the expectations of continuing the bearish trend, as it approaches our first negative target at 0.9100, expecting to surpass this level to head towards 0.8990 as a next main target.
Therefore, the bearish trend scenario will remain valid and active unless the price rallied to breach 0.9200 and hold above it.
The expected trading range for today is between 0.9080 support and 0.9170 resistance.
The expected trend for today: Bearish
Origin: Economies
