The USDCHF pair managed to break 0.8655 level and hold below it, reinforcing the expectations of continuing the domination of the bearish trend on the intraday and short-term basis, waiting for more decline to head towards 0.8520 as a next main target.
Moving below the EMA50 supports the continuation of the expected bearish trend, noting that breaching 0.8655 is considered as a first positive key that will lead the price to achieve new bullish correction that its targets begin by testing 0.8720 areas.
The expected trading range for today is between 0.8570 support and 0.8700 resistance.
The expected trend for today: Bearish
Origin: Economies
