The USD/CHF awaits more decline – Analysis – 03/08/2021

usd_newsThe USDCHF pair settles below 0.9060, to keep the negative pressure valid for the upcoming period, supported by stochastic and the EMA50 negativity, waiting to head towards 0.8990 that represents our next main target.

We remind you that breaching 0.9075 will stop the expected decline and lead the price to start recovery attempts that target testing 0.9135 areas initially.

The expected trading range for today is between 0.9000 support and 0.9090 resistance.

The expected trend for today: Bearish

Origin: Economies

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