The USD/CHF needs the negative momentum – Analysis – 24/05/2021

usd_chf_forex_1The USDCHF pair fluctuates around the EMA50 and keeps its stability below it, to keep the negative pressure valid for the upcoming period, waiting to visit 0.8900 as a next main target.

The bearish channel continues to organize the expected bearish wave, noting that its continuation requires holding below 0.9045.

The expected trading range for today is between 0.8900 support and 0.9020 resistance.

The expected trend for today: Bearish

Origin: Economies

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