The USDCHF price broke 0.8885$ level clearly and closed the daily candlestick below it, to fall under the correctional bearish pressure again and head towards visiting 0.8780$ initially, noting that breaking this level will push the price towards 0.8675$ as a next negative station.
Therefore, we expect to witness more decline in the upcoming period unless breaching 0.8885$ and holding above it.
The expected trading range for today is between 0.8760 support and 0.8890 resistance.
Trend forecast: Bearish
Origin: Economies
