The USDCHF price succeeded to achieve our waited target at 0.8430 and presses negatively on it, to support the expectations of extending the bearish wave and head to target 0.8332 areas as a next main station.
Therefore, we will continue to suggest the bearish trend for the upcoming period, supported by the negative pressure formed by the EMA50, noting that holding below 0.8543 represents major condition to the continuation of the expected decline.
The expected trading range for today is between 0.8355 support and 0.8495 resistance.
Trend forecast: Bearish
Origin: Economies
