The USDCHF pair faced clear negative pressure in the previous sessions to test the recently recorded low at 0.9215 and attempts to break it, which stops the correctional bullish scenario and makes us suggest resuming the main bearish trend, and the price needs to break the mentioned level to confirm opening the way to head towards 0.9100 areas on the near term basis.
Stochastic provides clear negative signals now to support the expectations to decline, taking into consideration that breaching 0.9280 will stop the expected negative scenario and lead the price to recover.
The expected trading range for today is between 0.9160 support and 0.9290 resistance.
The expected trend for today: Bearish
Origin: Economies
