USDCHF Price Analysis
The USDCHF price broke the bullish channel’s support line clearly and settled below it.
It initiated a bearish correction for the rise measured from 0.8332 to 0.9224.
This opens the way to visit 0.9014 as a first target.
Note that breaking it will extend the bearish wave to reach 0.8884 areas.
Moving below the EMA50 supports the continuation of the suggested bearish wave, which will remain valid unless the price manages to breach 0.9140 and hold above it.
The expected trading range for today is between 0.9000 support and 0.9150 resistance.
Trend forecast: Bearish
Origin: Economies
