The USDCHF pair bounced downwards strongly to press on the minor bullish channel’s support line that appears on the chart, reinforcing the expectations of continuing the bearish trend, and the way is open to continue the decline that targets 0.9355 followed by 0.9300 levels as next main stations.
Therefore, we are waiting for more bearish bias in the upcoming sessions supported by the negative pressure formed by the EMA50 unless the price rallied to breach 0.9540 and hold above it.
The expected trading range for today is between 0.9355 support and 0.9480 resistance.
The expected trend for today: Bearish