The USDCHF pair bounced bearishly after testing 0.8965 level in the previous sessions, to keep the bearish trend scenario valid and active, supported by the EMA50 that protects the mentioned resistance, waiting to visit 0.8850 followed by 0.8820 levels as next main targets.
On the other hand, we should note that breaching 0.8965 – 0.8980 levels will stop the expected decline and lead the price to rise again.
The expected trading range for today is between 0.8890 support and 0.9000 resistance.
The expected trend for today: Bearish
Origin: Economies
