The USDCHF pair settles below 0.9700 level, and the price shows slight bearish bias supported by the negative pressure provided by the EMA50, which supports the continuation of the negative trading in the upcoming sessions, reminding you that the main expected target for the current bearish wave is located at 0.9578.
Therefore, the bearish bias will remain suggested for today conditioned by the price stability below 0.9740 level, as breaching this level represents positive factor that will lead the price to head towards 0.9864 direct.
Expected trading range for today is between 0.9600 support and 0.9740 resistance.
Expected trend for today: Bearish
Origin: Economies
