The USDCHF pair settles below 0.9581 level, to keep the bearish trend scenario active until now, noticing that stochastic loses its positive momentum clearly, which forms negative factor that we are waiting to motivate the price to break the bullish channel’s support that appears on the chart followed by opening the way to head towards our first target at 0.9488.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions conditioned by the price stability below 0.9581.
Expected trading range for today is between 0.9488 support and 0.9600 resistance.
Expected trend for today: Bearish
Origin: Economies
