Daily Price Outlook
The USD/CHF pair experienced a noticeable decline after testing the EMA50 in previous sessions, approaching our initial target of 0.9000. We anticipate the bearish trend to continue, surpassing this level and paving the way towards 0.8920 as the next primary target.
The EMA50 exerts ongoing negative pressure, bolstering the predicted bearish trend, which will persist as long as the price remains below 0.9100.
Today's expected trading range lies between 0.8950 support and 0.9100 resistance.
USD/CHF Trade Idea
Entry Price – Sell Below 0.9033
Stop Loss – 0.9062
Take Profit – 0.8980
Risk to Reward – 1 : 1.80
Profit & Loss Per Standard Lot = +$587/ -$321
Profit & Loss Per Micro Lot = +$58/ -$32
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