The USDCHF pair traded with strong negativity after confirming breaking 0.8965 level, to reach the first negative target at 0.8900, opening the way to continue the decline and head to achieve our next negative target at 0.8820.
Therefore, we expect to witness more bearish bias in the upcoming sessions supported by the negative pressure formed by the EMA50, noting that breaching 0.8965 – 0.8980 will stop the expected decline and lead the price to return to the correctional bullish track again.
The expected trading range for today is between 0.8830 support and 0.8965 resistance.
The expected trend for today: Bearish
Origin: Economies