The USDCHF pair fluctuates around the EMA50 since yesterday, noticing that stochastic begins providing negative overlapping signal on the four hours’ time frame, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which its next target located at 0.9010.
In general, the bearish trend scenario still valid and active unless the price rallied to breach 0.9192 and hold above it.
The expected trading range for today is between 0.9040 support and 0.9180 resistance.
The expected trend for today: Bearish
Origin: Economies
