The USDCHF price shows new negative trades after testing the EMA50 in the previous sessions, to approach the first waited target at 0.8778, reminding you that breaking this level will push the price towards 0.8673 levels on the near-term basis.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 0.8883 and hold with a daily close above it.
The expected trading range for today is between 0.8750 support and 0.8870 resistance.
Trend forecast: Bearish
Origin: Economies
