The USDCHF pair couldn’t manage to hold for long time above 0.9066, to resume the correctional bearish track and return to the bearish channel that appears on the chart, which pushes the price to achieve negative targets that start at 0.8968 and extend to 0.8890 after breaking the previous level.
Therefore, we expect to witness more decline in the upcoming sessions supported by the negative pressure formed by the EMA50 unless the price rallied to breach 0.9066 and hold above it.
The expected trading range for today is between 0.8940 support and 0.9090 resistance.
The expected trend for today: Bearish
Origin: Economies
