The USDCHF pair succeeded to touch our waited target at 0.8965 and found solid support there, to show clear positive trades and approach testing 0.9055 level, and as we mentioned in our last report, the price needs to hold below this level to keep the bearish trend valid, noting that the next target extends to reach 0.8865 areas.
Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that breaching 0.9055 will stop the bearish wave and lead the price to achieve new bullish correction on the intraday basis.
The expected trading range for today is between 0.8950 support and 0.9090 resistance.
The expected trend for today: Bearish
Origin: Economies
