USDCHF Price Analysis
Expected Scenarios
The USDCHF price managed to achieve our waited target at 0.9014, which represents 23.6% Fibonacci correction level for the bullish wave that appears on the chart, noticing that stochastic begins to lose the positive momentum gradually, to support the chances of resuming the negative trades and break the mentioned level to open the way to head towards 0.8884 as a next negative station.
Therefore, we expect to witness more decline in the upcoming period, taking into consideration that failing to break 0.9014 will stop the negative scenario and lead the price to attempt to regain the main bullish trend again.
Trading Range for Today
Support: 0.8970
Resistance: 0.9115
Trend forecast: Bearish
Origin: Economies
