The USDCHF pair shows new negative trades to settle below 0.8630, noticing that the price forms potential double top pattern that appears on the chart, which might cause trend turn to decline, noting that the contradiction between the technical factors makes us prefer to stay aside until we get clearer signal for the next trend.
Note that breaking 0.8605 support will complete the formation of the mentioned pattern and push the price to return to the main bearish track again, to head towards achieving negative targets that start at 0.8515 and extend to 0.8390, while breaching 0.8670 resistance will lead the price to achieve new gains that reach 0.8800 followed by 0.8855.
The expected trading range for today is between 0.8540 support and 0.8690 resistance.
The expected trend for today: Neutral
Origin: Economies
