The USDCHF pair managed to achieve our first waited target at 0.8865, waiting for more decline to achieve additional negative targets that extend to 0.8800 followed by 0.8705.
The bearish channel continues to organize the suggested bearish wave, getting continuous support by the EMA50, taking into consideration that failing to surpass 0.8865 might lead the price to attempt to recover and achieve gains that reach 0.8985 before any new attempt to decline.
The expected trading range for today is between 0.8790 support and 0.8930 resistance.
The expected trend for today: Bearish
Origin: Economies
