The USDCHF price shows some bullish bias to test 0.8840 level, while stochastic loses its positive momentum and provide clear negative signals now, waiting to motivate the price to resume the bearish bias to break 0.8780 and open the way to rally towards 0.8675 as a next correctional target.
On the other hand, we notice that the price completed forming double top pattern that its signs appear on the chart, which has negative targets that surpass the above mentioned level to reach 0.8545 areas, to keep the bearish trend suggested in the upcoming period unless breaching 0.8885 and holding above it.
The expected trading range for today is between 0.8750 support and 0.8885 resistance.
Trend forecast: Bearish
Origin: Economies
