The USDCHF price fluctuates around the EMA50, and it keeps its stability below the correctional bearish channel’s resistance, while stochastic begins to provide new negative signals.
Therefore, the chances are valid to resume the correctional bearish trend, and the targets begin by breaking 0.9900 to head towards 0.9835 as a next station, reminding you that it is important to hold below 0.9990 to achieve the suggested targets.
Expected trading range for today is between 0.9850 support and 0.9990 resistance.
Expected trend for today: Bearish
Origin: Economies
