The USDCHF pair shows more bearish bias and struggles to push on 0.9200 barrier, which support the continuation of the bearish trend scenario on the intraday and short-term basis, reminding you that our next main target reaches 0.9100.
The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaching 0.9250 level and hold above it.
Bears are making a play as it is the 3rd 4-hour bar this week, there were other in March. It is now OR we get the bounce back higher again.
The expected trading range for today is between 0.9150 support and 0.9250 resistance.
We expect the trend to continue down for today.
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