The USDCHF pair found sold support at 0.9900 that forced it to provide some temporary positive trades, noticing that stochastic loses its positive momentum clearly to reach the overbought areas, which supports the chances of resuming the bearish bias and break the mentioned support to activate the negative effect of the double top pattern, followed by opening the way to head towards our next target at 0.9835.
Therefore, we will continue to suggest the bearish trend conditioned by the price stability below 0.9990.
Expected trading range for today is between 0.9850 support and 0.9990 resistance.
Expected trend for today: Bearish
Origin: Economies
