EURCHF resumed the previously suggested bullish corrective rally, recording the target at 0.9115, which represents an important barrier due to the stability of %61.8 Fibonacci extension level near it, forcing it to provide sideways fluctuation as appears in the above image.

 

Note that the continuation of the price stability below the current barrier will increase the chances of activating the negative attempts, to reach 0.9075 reaching 0.9010, while breaching the barrier will force it to delay the decline and target extra corrective stations that might extend towards 0.9185 and 0.9220.

 

The expected trading range for today is between 0.9075 and 0.9120

 

Trend forecast: Bearish