The USDCHF pair managed to achieve our waited target at 0.8710 and broke it to close the daily candlestick below it, reinforcing the expectations of extending the bearish wave and head towards our next targets that start at 0.8660 and extend to 0.8600.
The EMA50 forms continuous negative pressure against the price to support the suggested bearish wave, which will remain valid unless breaching 0.8710 and holding above it.
The expected trading range for today is between 0.8590 support and 0.8740 resistance.
The expected trend for today: Bearish
Origin: Economies
