The USDCHF pair traded with clear positivity yesterday to breach 0.8710 level, but we notice that the recent trades are confined within bearish pennant pattern that appears on the chart, and the price falls under continuous negative pressure formed by the EMA50, accompanied by witnessing negative signals through stochastic.
Therefore, these factors encourage us to suggest resuming the bearish trend in the upcoming sessions, noting that the next targets begin at 0.8660 followed by 0.8600, while achieving them requires holding below 0.8745.
The expected trading range for today is between 0.8650 support and 0.8780 resistance.
The expected trend for today: Bearish
Origin: Economies
