The USDCHF pair approached from our first waited target at 0.9935 and bounced bullishly to head towards retesting the previously broken neckline of the double top pattern at 1.0010, which is met by the EMA50 to add more strength to it, noticing that stochastic enters the overbought areas now.
Therefore, these factors encourage us to continue suggesting the bearish trend in the upcoming period, and our next target is located at 0.9864, reminding you that the continuation of the expected decline depends on holding below 1.0070 level.
Expected trading range for today is between 0.9900 support and 1.0050 resistance.
Expected trend for today: Bearish
Origin: Economies
