The USDCHF price began attempts to break 0.9900 level, and the price settles within the bearish channel, while the EMA50 keeps pushing negatively on the price, accompanied with the issuance of negative signals from stochastic.
Therefore, we believe that the chances are available for breaking the mentioned level and opening the way towards 0.9835, reminding you that the continuation of the expected decline depends on the stability below 0.9990 level.
Expected trading range for today is between 0.9850 support and 0.9970 resistance.
Expected trend for today: Bearish
Origin: Economies
