The EURCHF continued to form bearish waves in the last period, to reach the second target at 0.9075 which represents %78.2 Fibonacci extension level.

 

The main indicators contradiction might push the price to provide mixed trading, however the negative stability below 0.9215 level and the stability of the moving average 55 above the current trading, these factors make us keep the negative scenario, which might target 0.8975 level reaching towards 0.8860.

 

The expected trading range for today is between 0.9030 and 0.9155

 

Trend forecast: Bearish