The USDCHF pair continues to fluctuate near the bearish channel’s resistance line, noticing that the EMA50 forms continuous negative pressure against the price, while stochastic loses its positive momentum gradually.
Therefore, we believe that the chances valid to resume the main bearish trend, which its targets begin at 0.8860 followed by 0.8800 levels, noting that breaching 0.8915 will push the price to turn to rise and head to visit 0.9065 areas.
The expected trading range for today is between 0.8820 support and 0.8960 resistance.
The expected trend for today: Bearish
Origin: Economies
