EUR/CHF remains consolidated below the resistance line of the bearish channel at 0.9350, indicating a continued preparation for the expected negative movement. The current sideways price action near 0.9295 is attributed to a lack of negative momentum. The market is awaiting the necessary momentum to push the price down towards the next target at 0.9255, with further potential to test additional support at 0.9205. This may open the path for a resumption of the bearish trend in the near future.
The expected trading range for today is between 0.9310 (resistance) and 0.9250 (support).
Trend Forecast: Bearish
Related topics: