The USDCHF pair bounced upwards clearly to test the key resistance 0.8940 and settles around it, noticing that stochastic lost its positive momentum to show clear negative signals now, while the EMA50 continues to press negatively on the price.
Therefore, we believe that the chances valid to resume the main bearish trend, which its next target located at 0.8840, while breaching 0.8940 represents the key to achieve additional gains that reach 0.9070.
The expected trading range for today is between 0.8860 support and 0.9000 resistance.
The expected trend for today: Bearish
Origin: Economies
