The USDCHF pair shows more bullish bias that hints the price attempt to recover, but it faces negative pressure formed by the EMA50, which prevents the price from rising, besides stochastic loss to the positive momentum clearly.
Therefore, we expect witnessing negative trades today, and the targets begin by breaking 0.8710 to open the way to head towards 0.8660 followed by 0.8600, noting that breaching 0.8765 will push the price to test the most important resistance at 0.8810 before any new attempt to decline.
The expected trading range for today is between 0.8670 support and 0.8800 resistance.
The expected trend for today: Bearish
Origin: Economies
