The USDCHF Price Analysis
Expected Scenario
The USDCHF price shows more bearish bias to move around 0.8950 now, reinforcing the expectations of continuing the bearish trend, which its next target located at 0.8885, noting that breaking this level will push the price to achieve more bearish correction that targets 0.8780 areas as a next negative station.
The negative effect of the double top pattern supports the continuation of the suggested bearish wave, which will remain valid unless breaching 0.9014 and holding above it.
Expected Trading Range
The expected trading range for today is between 0.8870 support and 0.9010 resistance.
Trend Forecast: Bearish
Origin: Economies
