The USD/CHF pair has extended its decline, moving away from the 0.8810 level, thereby strengthening the anticipation of a persistent bearish trend. The pathway seems clear for the realization of the next key target at 0.8710.
The sustained influence of the double top pattern is actively contributing to the negative sentiment, reinforcing the prospects for the ongoing bearish trajectory. This outlook remains contingent on the condition that the price maintains stability below the 0.8810 mark.
The projected trading range for the present session is expected to fluctuate between the support at 0.8700 and the resistance at 0.8810.
Anticipated Trend for Today: Bearish