The USDCHF price managed to touch our first waited target at 0.8780, and begins today with additional negativity to attempt to break this level, reinforcing the expectations of continuing the correctional bearish trend to head towards 0.8673 as a next main target.
Therefore, we expect to witness more decline in the upcoming sessions, taking into consideration that failing to confirm breaking 0.8780 might push the price to recover and head to test 0.8885 areas before any new attempt to decline.
The expected trading range for today is between 0.8700 support and 0.8830 resistance.
Trend forecast: Bearish
Origin: Economies
