The USDCHF pair bounced downwards strongly after the positive attempts that it witnessed in the previous sessions, to reactivate the main bearish trend scenario and head towards achieving negative targets that start at 0.8850 followed by 0.8820.
Therefore, we expect to witness more bearish bias on the intraday and short term basis, affected by the double top pattern that its signs appear on the chart, noting that the continuation of the bearish wave depends on the price stability below 0.8965 – 0.8980 levels.
The expected trading range for today is between 0.8840 support and 0.8980 resistance.
The expected trend for today: Bearish
Origin: Economies
