Русский
The USDCHF pair attempted to break 0.8785 level but it couldn’t manage to hold below it, to trade near the bearish channel’s resistance again, noticing that stochastic lost its positive momentum to support the chances of resuming the negative trades again, waiting to confirm the break to open the way to head towards 0.8665 as a next main target.
Therefore, the bearish trend scenario will remain valid for the upcoming period unless breaching 0.8835 and holding with a daily close above it.
The expected trading range for today is between 0.8720 support and 0.8860 resistance.
The expected trend for today: Bearish
Origin: Economies
