The USDCHF pair bounced bullishly after testing 0.8710 level yesterday, noticing that stochastic shows overbought signals now, while the EMA50 forms continuous negative pressure against the price.
Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, waiting to break 0.8710 to confirm heading towards 0.8660 followed by 0.8600 levels, noting that it is important to hold below 0.8810 to continue the expected decline.
The expected trading range for today is between 0.8670 support and 0.8800 resistance.
The expected trend for today: Bearish
Origin: Economies
