The USDCHF pair bounced downwards clearly after testing the EMA50 in the previous sessions, to approach our first waited target at 0.9000, and we suggest the continuation of the bearish bias to surpass this level and open the way to head towards 0.8920 as a next main target.
The EMA50 forms continuous negative pressure that supports the expected bearish trend, which will remain valid conditioned by the price stability below 0.9100.
The expected trading range for today is between 0.8950 support and 0.9100 resistance.
The expected trend for today: Bearish
Origin: Economies
