The USDCHF presses on the support – Analysis 29-02-2024

forex-news-usd_dollarThe USDCHF pair shows negative trades to press on the key support 0.8785, and we suggest breaking this level to activate the negative effect of the triple top pattern that its signs appear on the chart and open the way to decline towards 0.8645 areas as a next main target.

Therefore, the bearish bias will be suggested for today, taking into consideration that breaching 0.8810 will stop the expected decline and lead the price to turn to rise.

The expected trading range for today is between 0.8700 support and 0.8850 resistance.

The expected trend for today: Bearish

Origin: Economies

 

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