The USDCHF pair traded with strong negativity yesterday to surpass our first waited target at 0.9100 and settles below it, reinforcing the expectations of extending the bearish wave to target 0.8990 as a next station, waiting for more decline in the upcoming sessions.
The EMA50 supports the suggested negative scenario, while holding below 0.9130 represents initial condition to continue the expected decline.
The expected trading range for today is between 0.9020 support and 0.9130 resistance.
The expected trend for today: Bearish