The USDCHF pair found solid resistance at the EMA50, to stop the bullish wave and push the price to resume the main bearish trend, which moves organized inside the bearish channel that appears on the chart, targeting visiting 0.8865 areas initially.
Therefore, we expect to witness negative trades today, noting that surpassing the mentioned target will extend the bearish wave to reach 0.8735, while the expected decline will remain valid unless breaching 0.9040 and holding above it.
The expected trading range for today is between 0.8870 support and 0.9020 resistance.
The expected trend for today: Bearish
Origin: Economies
