The USDCHF pair settles below 0.9700 barrier, and the EMA50 forms continuous negative pressure against the intraday trading, while stochastic begins to overlap negatively on the four hours’ time frame.
Therefore, we believe that the chances are valid to continue the bearish bias in the upcoming sessions, and the targets begin at 0.9634 and extend to 0.9442, while achieving them conditions holding below 0.9752.
Expected trading range for today is between 0.9590 support and 0.9752 resistance.
Expected trend for today: Bearish
Origin: Economies
