The USDCHF pair provides more negative trades to settle below the EMA50, to support the continuation of the expected bearish trend scenario on the intraday basis, reminding you that our waited target is located at 0.9066, which breaking it represents the key to confirm the domination of the bearish correction and head towards 0.8970 as a next negative target.
Therefore, our bearish overview will remain valid, noting that breaching 0.9160 will stop the current negative pressure and lead the price to attempt to recover again.
The expected trading range for today is between 0.9050 support and 0.9180 resistance.
The expected trend for today: Bearish
Origin: Economies
