The USDCHF pair bounced bearishly after testing 0.8710 level in the previous sessions, which supports the continuation of the expected bearish trend scenario on the intraday and short-term basis, reminding you that our next main target reaches 0.8552.
The EMA50 continues to support the suggested bearish wave, which will remain valid unless breaching 0.8710 – 0.8750 levels and holding above them.
The expected trading range for today is between 0.8590 support and 0.8710 resistance.
The expected trend for today: Bearish
Origin: Economies
