The USDCHF pair attempted to breach 0.8923 level but the EMA50 formed solid resistance against the price, to settle below the mentioned level, which keeps the bearish trend scenario valid and active for the upcoming period, supported by stochastic negativity, waiting to visit 0.8860 mainly.
We should note that breaching 0.8923 and holding above it will push the price to achieve intraday gains that start by testing 0.8978 areas.
The expected trading range for today is between 0.8840 support and 0.8940 resistance.
The expected trend for today: Bearish
Origin: Economies
