The USDCHF pair managed to break the bearish pennant’s support line to activate the negative effect of this pattern, reinforcing the expectations of continuing the bearish trend on the intraday and short term basis, waiting to visit 0.8520 followed by 0.8450 levels as next main targets.
The EMA50 continues to support the expected bearish wave, noting that breaching 0.8670 will stop the expected decline and lead the price to start bullish correction on the intraday basis.
The expected trading range for today is between 0.8490 support and 0.8630 resistance.
The expected trend for today: Bearish
Origin: Economies
