The USDCHF price shows weak trades since yesterday, settling around 0.8950 level, noticing that stochastic loses its positive momentum clearly, waiting to motivate the price to resume the correctional bearish trend, which its targets begin at 0.8885 and extend to 0.8780 after breaking the previous level.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 0.9014 and hold above it.
The expected trading range for today is between 0.8880 support and 0.9014 resistance.
Trend forecast: Bearish
Origin: Economies
