The USDCHF price trades positively to test the key resistance 0.9990, as the EMA50 meets this resistance to add more strength to it, accompanied by stochastic reaching to the overbought areas.
Therefore, these factors encourage us to continue suggesting the bearish trend in the upcoming sessions unless breaching 0.9990 level and holding above it, reminding you that our targets begin at 0.9900 and extend to 0.9834 after breaking the previous level.
Expected trading range for today is between 0.9900 support and 1.0020 resistance.
Expected trend for today: Bearish
Origin: Economies
