The USDCHF price shows more bearish bias to approach the first negative target at 0.8400, waiting to surpass this level to confirm heading towards our next station at 0.8332.
Moving below the EMA50 supports the continuation of the suggested bearish wave, noting that breaching 0.8465 will push the price to achieve intraday gains and test 0.8543 before any new attempt to decline.
The expected trading range for today is between 0.8350 support and 0.8470 resistance.
Trend forecast: Bearish
Origin: Economies
