The USDCHF price fluctuates around 0.8778 level, waiting to confirm breaking this level to push the price towards our expected negative target at 0.8673.
The negative scenario depends on the completion of the head and shoulders’ pattern that appears on the chart, noting that breaching 0.8805 will cancel the suggested negative formation and lead the price to achieve gains that start by testing 0.8883 areas.
The expected trading range for today is between 0.8710 support and 0.8830 resistance.
Trend forecast: Bearish
Origin: Economies
