USDCHF Price Analysis
Expected Scenario
The USDCHF price fluctuates within tight range since yesterday, settling around 0.8840 level, waiting to resume the correctional bearish wave that its next target located at 0.8780, reminding you that surpassing this level will push the price towards 61.8% Fibonacci correction level at 0.8675.
Holding below 0.8885 is important to the continuation of the expected decline, as breaching it will lead the price to attempt to stop the bearish correction and head to achieve gains that start by visiting 0.9014 areas.
Expected Trading Range
Between 0.8760 support and 0.8900 resistance
Trend Forecast: Bearish
Origin: Economies
