The USDCHF pair provided additional negative trades to surpass 0.8900 level and approach our extended target at 0.8820, and we expect the continuation of the negative pressure to surpass this level and open the way to achieve more decline that its next target reaches 0.8700 areas.
The EMA50 keeps pressing negatively on the price to support the continuation of the expected bearish trend, noting that breaching 0.8900 is considered as an initial positive factor that we expect to push the price to start recovery attempts that target testing 0.8965 level initially.
The expected trading range for today is between 0.8760 support and 0.8910 resistance.
The expected trend for today: Bearish
Origin: Economies
