The USDCHF price shows bearish bias after 0.9990 level formed solid resistance barrier against the price’s recent positive attempts, to approach testing the EMA50, noting that stochastic shows clear oversold signals now, waiting to motivate the price to resume the main bullish trend.
In general, we will continue to suggest the bullish trend unless breaking 0.9900 level and holding below it, reminding you that breaching 0.9990 will push the price towards 1.0070 that represents our next main station.
Expected trading range for today is between 0.9900 support and 1.0000 resistance.
Expected trend for today: Bullish
Origin: Economies
