The USDCHF pair continues to fluctuate around 0.8965 level, noticing that the EMA50 meets this level to add more strength to it, while stochastic loses its positive momentum clearly to reach the overbought areas.
Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which targets 0.8900 followed by 0.8820 levels as next main stations, reminding you that it is important to hold below 0.8965 – 0.8980 levels to continue the expected decline.
The expected trading range for today is between 0.8890 support and 0.9010 resistance.
The expected trend for today: Bearish
Origin: Economies
