The USDCHF pair succeeded to achieve our main waited target at 0.9525, moving inside intraday bearish channel that supports the chances of continuing the decline in the upcoming sessions, noting that breaking the mentioned level will push the price to 0.9400 as a next negative target.
The EMA50 continues to press negatively on the price, to suggest more bearish bias on the intraday and short term basis unless breaching 0.9630 and holding above it.
The expected trading range for today is between 0.9510 support and 0.9630 resistance.
The expected trend for today: Bearish
Origin: Economies
