The USDCHF pair fluctuates around 0.9750 level, and the price falls under the negative pressure formed by the EMA50, while stochastic continues to move at the overbought areas.
Therefore, these factors encourage us to keep our bearish overview on the intraday and short term basis, which depends on holding below 0.9812 and 0.9864 levels, reminding you that breaking 0.9700 will confirm opening the way to head towards our next target at 0.9578.
Expected trading range for today is between 0.9680 support and 0.9800 resistance.
Expected trend for today: Bearish
Origin: Economies
