The USDCHF price settles around 0.8470 level, noticing that stochastic loses its positive momentum clearly, waiting to motivate the price to resume the negative trades and achieve our targets that start at 0.8430 and extend to 0.8332 after breaking the previous level.
The EMA50 keeps supporting the suggested bullish wave, which will remain valid conditioned by the price stability below 0.8543.
The expected trading range for today is between 0.8390 support and 0.8530 resistance.
Trend forecast: Bearish
Origin: Economies
