The USDCHF pair faced clear negative pressure in the previous sessions to break 0.8965 level and settles below it, to head towards potential turn to decline, targeting visiting 0.8900 followed by 0.8800 levels as main negative stations.
Therefore, the bearish bias will be suggested for today, noting that breaching 0.8980 will stop the expected decline and push the price to achieve new bullish correction that its next target reaches 0.9055.
The expected trading range for today is between 0.8870 support and 0.9010 resistance.
The expected trend for today: Bearish
Origin: Economies
