The USDCHF price resumes the decline – Forecast today – 17-07-2024

chf_forexThe USDCHF price resumes its negative trading after testing the EMA50 in the previous sessions, to support the continuation of the expected correctional bearish trend, which targets testing 0.8885 initially, reminding you that breaking it will push the price towards 0.8780 direct.

On the other hand, we should note that breaching 0.9014 will stop the expected decline and lead the price to regain the main bullish trend again.

The expected trading range for today is between 0.8860 support and 0.9000 resistance.

Trend forecast: Bearish

Origin: Economies

 

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