The USDCHF pair settles below 0.8923, to keep the negative pressure valid for the upcoming period, supported by the EMA50, besides stochastic loss to the positive momentum, waiting for more decline to test 0.8860 as a next station.
On the other hand, we should note that breaching 0.8923 will stop the current negative pressure and leads the price to start new recovery attempts.
The expected trading range for today is between 0.8840 support and 0.8940 resistance.
The expected trend for today: Bearish
Origin: Economies
