The USDCHF pair rallied upwards strongly yesterday to breach 0.9055 level, but it stopped at the broken support of the correctional bullish channel that appears on the chart, noticing that the price begins to decline today and hint heading to resume the main bearish trend.
Therefore, we suggest witnessing more bearish bias in the upcoming sessions, and the targets begin by breaking 0.9055 to open the way to head towards 0.8965, noting that breaching 0.9030 will stop the expected decline and lead the price to achieve more bullish correction on the intraday and short term basis.
The expected trading range for today is between 0.8980 support and 0.9130 resistance.
The expected trend for today: Bearish
Origin: Economies
