The USDCHF pair begins today positively to move above 0.9135 level, but it faces good resistance formed by the EMA50, which supports the chances of resuming the expected bearish bias for the upcoming period, reinforced by stochastic loss to the positive momentum, waiting to head towards 0.9060 mainly.
On the other hand, we should note that breaching 0.9150 will stop the expected decline and lead the price to achieve additional rises that target 0.9200 level initially.
The expected trading range for today is between 0.9080 support and 0.9180 resistance.
The expected trend for today: Bearish
Origin: Economies
