The USDCHF pair bounced bearishly after the price found solid resistance formed by the EMA50, as it attempted to break yesterday’s mentioned key support at 0.9545 without managing to settle below it until now, which supports our expectations to continue the bearish trend in the upcoming period, which its next main target located at 0.9474.
Therefore, the bearish bias will remain suggested on the intraday and short term basis, reminding you that breaching 0.9676 level will stop the negative scenario and lead the price for recovery attempts that its targets begin at 0.9800 followed by 0.9900.
Expected trading range for today is between 0.9450 support and 0.9600 resistance.
Expected trend for today: Bearish
Origin: Economies
