The USDCHF pair provided additional negative trades yesterday to surpass our waited target at 0.8700 and settles below it, noting that the price returns to the main bearish channel again, reinforcing the chances of continuing the bearish trend on the short-term and medium-term basis, noting that our next targets start at 0.8600 and extend to 0.8520.
The EMA50 supports the continuation of the suggested bearish wave, which will remain valid conditioned by the price stability below 0.8700.
The expected trading range for today is between 0.8570 support and 0.8720 resistance.
The expected trend for today: Bearish
Origin: Economies
