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The USDCHF pair has broken the critical support level at 0.8850, signaling a clear bearish sentiment and pushing the price toward the next downside target at 0.8778. If the decline continues and this level is breached, the next significant support zone lies around 0.8673.
As long as the price remains below 0.8883, the negative outlook remains intact. A breach above this level, however, could signal a recovery and potential reversal back into a bullish trend.
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Expected trading range for today: 0.8770 (support) – 0.8890 (resistance)
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Trend forecast: Bearish
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