The USDCHF achieves the negative target – Analysis - 26-02-2021

The USDCHF pair managed to reach the waited negative target at 0.9025, and it found good support there, to start providing positive trades, hinting heading to achieve potential gains in the upcoming sessions.

Now, we prefer stayin neutral until we get clearer signal for the next trend, as the price is confined between key levels represented by 0.9025 support and 0.9090 resistance, and it needs to surpass one of them to detect its next targets clearly, noting that breaking the mentioned support will extend the bearish wave to reach 0.8975 followed by 0.8925 as next negative targets, while breaching the resistance will lead the price to resume the main bullish trend that its next target located at 0.9190.

The expected trading range for today is between 0.9000 support and 0.9120 resistance.

The expected trend for today: Neutral