The USDCHF pair managed to break 0.8710 level and close the daily candlestick below it, which supports the expectations of extending the bearish wave on the intraday and short-term basis, opening the way to head towards our next negative targets that reach 0.8660 followed by 0.8600.
The EMA50 continues to support the suggested bearish wave, noting that breaching 0.8710 might push the price to start recovery attempts and head to test 0.8810 areas before any new attempt to decline.
The expected trading range for today is between 0.8620 support and 0.8750 resistance.
The expected trend for today: Bearish
Origin: Economies
