The USDCHF pair succeeded to touch our waited target at 0.8885 and found solid support there, to show some bullish bias and attempt to recover, but we notice that stochastic shows clear negative signals now, waiting to motivate the price to resume the correctional bearish trend, which its next target located at 0.8810.
Therefore, the bearish trend scenario will remain valid for the upcoming period unless the price rallied to breach 0.8968 and hold above it.
The expected trading range for today is between 0.8850 support and 0.8990 resistance.
The expected trend for today: Bearish
Origin: Economies
