The USDCHF pair fluctuates around the bearish trend line that appears on image, noticing that stochastic loses its positive momentum gradually heading towards the overbought areas, while the EMA50 keeps pushing negatively on the price.
Therefore, our bearish overview will remain valid and active on the intraday and short term basis, and the targets begin at 0.9474 and extend to 0.9243 after breaking the previous level, noticing that breaching 0.9585 followed by 0.9676 levels will stop the negative scenario and lead the price for recovery attempts on the short term basis.
Expected trading range for today is between 0.9400 support and 0.9600 resistance.
Expected trend for today: Bearish
Origin: Economies
