The USDCHF price traded with clear negativity on last Friday, as it broke 0.8778 level and reached 0.8735 areas, but it returns to fluctuate near the broken neckline of the head and shoulders’ pattern, noticing that stochastic shows overbought signals that support the chances of declining again in the upcoming sessions.
Therefore, we are waiting for new negative trades today, reminding you that our next target is located at 0.8673, while achieving it requires holding below 0.8805.
The expected trading range for today is between 0.8710 support and 0.8830 resistance.
Trend forecast: Bearish
Origin: Economies
