The USDCHF pair provided clear positive trades yesterday to attack 0.8980 level and attempts to hold above it, but it returns to hold below it and below 0.8965 level, to keep the bearish trend scenario valid and active for the upcoming period, waiting to head towards 0.8900 followed by 0.8820 levels as main targets.
The EMA50 supports the suggested bearish wave, reminding you that confirming breaching 0.8980 will lead the price to return to the correctional bullish track and head to test 0.9055 areas initially.
The expected trading range for today is between 0.8880 support and 0.9010 resistance.
The expected trend for today: Bearish
Origin: Economies
