USDCHF Price Analysis
Expected Scenario
The USDCHF price couldn’t manage to trade above 0.9014 level again, breaking below 0.8990 and heading towards achieving new bearish correction on the intraday basis, targeting 0.8885 areas as the next main station.
Therefore, a bearish bias is suggested for today, supported by the price moving below the EMA50, with note that breaching 0.9014 would halt the current negative pressure and potentially push the price to recover.
Expected Trading Range
Between 0.8900 support and 0.9050 resistance.
Trend Forecast: Bearish
Origin: Economies
