The USDCHF pair managed to achieve our main waited target at 0.8820 and broke it to close the daily candlestick below it, to confirm the continuation of the main bearish trend domination and head towards our next negative station that reach 0.8700.
Therefore, we are waiting for more expected decline on the intraday and short-term basis, supported by the negative pressure formed by the EMA50, noting that breaching 0.8820 might push the price to start recovery attempts and build intraday bullish wave.
The expected trading range for today is between 0.8700 support and 0.8840 resistance.
The expected trend for today: Bearish
Origin: Economies
