The USDCHF pair managed to reach the thresholds of our first waited target at 0.9000 and settles near it, waiting for more decline to head towards 0.8900 that represents our next negative target, noting that the EMA50 and stochastic provide negative signals that support the expectations of achieving more decline in the upcoming sessions.
Therefore, we will continue to suggest th bearish trend on the intraday and short term basis conditioned by the price stability below 0.9100.
The expected trading range for today is between 0.8960 support and 0.9070 resistance.
The expected trend for today: Bearish
Origin: Economies
