The USDCHF pair continues to crawl negatively towards our first waited target at 0.8840, to keep the bearish trend scenario valid and active on the intraday and short term basis, reminding you that breaking the mentioned level will extend the bearish wave to reach 0.8700 as a next target.
Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that holding below 0.8910 represents the first condition to continue the expected decline.
The expected trading range for today is between 0.8780 support and 0.8900 resistance.
The expected trend for today: Bearish