The USDCHF price provided slight negative trades yesterday and returns to fluctuate near 0.8670 level, noticing that stochastic loses its positive momentum clearly, waiting to motivate the price to resume the decline that targets 0.8540 mainly.
The EMA50 forms negative pressure against the price to support the expectations to decline, which will remain valid unless breaching 0.8670 and holding with a daily close above it.
The expected trading range for today is between 0.8580 support and 0.8710 resistance.
Trend forecast: Bearish
Origin: Economies
