The USDCHF pair attempted to breach 0.8980 level but it closed the daily candlestick below it, starting today with slight bearish bias to settle below 0.8965, to hint heading to resume the main bearish trend, on its way to achieve negative targets that start at 0.8850 followed by 0.8820.
Therefore, the bearish bias will be expected for today, supported by the negative pressure formed by the EMA50, noting that breaching 0.8980 will stop the negative scenario and lead the price to return to the correctional bullish track again.
The expected trading range for today is between 0.8880 support and 0.9010 resistance.
The expected trend for today: Bearish
Origin: Economies
