The USDCHF pair tested 0.8710 resistance line and keeps its stability below it, accompanied by stochastic loss to the positive momentum clearly, while the EMA50 forms continuous negative pressure against the price.
Therefore, we believe that the chances valid to resume the main bearish trend, which its next main target located at 0.8552, noting that breaching 0.8710 – 0.8745 levels will stop the expected decline and lead the price to turn to rise.
The expected trading range for today is between 0.8620 support and 0.8745 resistance.
The expected trend for today: Bearish
Origin: Economies
