The USDCHF pair rallied upwards strongly yesterday to touch 0.9140 areas, noticing that the price lost its bullish momentum and begins declining now, which hints the price head to resume the main bearish trend, which targets testing 0.9010 areas initially.
Therefore, we expect witnessing negative trades today, supported by stochastic negativity that appears clearly on the four hours’ time frame, noting that the continuation of the bearish wave requires holding below 0.9192.
The expected trading range for today is between 0.9040 support and 0.9190 resistance.
The expected trend for today: Bearish
Origin: Economies
