The USDCHF pair fluctuates around 0.9700 level keeping its stability below the EMA50, which keeps the negative pressure valid on the intraday basis, waiting to push the price to resume the bearish bias to test 0.9578 level.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions unless breaching 0.9740 level and holding above it, which will lead the price for recovery attempts that its main targets begin by testing the key resistance 0.9864.
Expected trading range for today is between 0.9620 support and 0.9760 resistance.
Expected trend for today: Bearish
Origin: Economies
