The USDCHF pair couldn’t breach 1.0210 level yesterday, where the price faces strong resistance that formed by the EMA50, which pushed the price to bounce lower and break 1.0128 level, organized within the minor bearish channel that appears in the image.
Therefore, we prefer the continuation of the bearish trend domination on the upcoming trading, and the next main target located at 0.9996, pointing that breaching 1.0210 level will stop the current negative pressure and leads the price to resume its main bullish track again.
Expected trading range for today is between 1.0000 support and 1.0290 resistance.
Expected trend for today: Bearish
Origin: Economies
