The USDCHF pair kept the stability of the daily close below 0.9634 level, while the EMA50 keeps pushing negatively on the intraday and short term trading, accompanied by stochastic entering the overbought areas again.
Therefore, these factors encourage us to continue suggesting the bearish trend in the upcoming period, which its next main target located at 0.9442, being aware that the price is drawing potential bullish pattern shown on the minor image, which urges caution from any positive attempt to breach 0.9640 level, which will activate the positive effect of the mentioned pattern followed by pushing the price to test 0.9752 level direct.
Expected trading range for today is between 0.9535 support and 0.9700 resistance.
Expected trend for today: Bearish
Origin: Economies
