The USDCHF pair managed to break 0.8888 and hold below it, to get negative motive that supports the continuation of the decline and head towards our next negative target at 0.8810, reminding you that breaking this level will push the price to 0.8710 as a next target.
Stochastic loses the positive momentum clearly to support the expectations to decline, noting that breaching 0.8888 will stop the expected negative pressure and push the price to recover.
The EMA50 forms negative pressure against the price to support the continuation of the expected bearish trend, which will remain valid unless the price rallied to breach 0.8968 and hold above it.
The expected trading range for today is between 0.8880 support and 0.8950 resistance.
The expected trend for today: Bearish
Origin: Economies
