The USDCHF price faced negative pressure to break 0.8860 level and settle below it, to turn to decline on the intraday basis and head towards testing 0.8778 as a main negative station, being aware that it is important to monitor the price at this level due to its importance to determine the next trend.
Note that continuing to decline and breaking the last level will push the price to suffer more losses and achieve additional negative targets that extend to 0.8715 followed by 0.8673, while on the other hand, breaching 0.8883 will stop the expected decline and lead the price to resume the bullish wave and achieve new gains that reach 0.8945 followed by 0.9010.
The expected trading range for today is between 0.8755 support and 0.8890 resistance.
Trend forecast: Bearish
Origin: Economies
