The USDCHF price managed to touch our waited target at 0.8780 and settles near it, and we suggest the continuation of the bearish bias and break this level to achieve additional bearish correction that its next target reaches 0.8675, supported by stochastic loss to the positive momentum clearly.
Therefore, the bearish trend will remain suggested on the intraday basis, noting that breaching 0.8885 will lead the price to start recovery attempts and head to test 0.9014 initially.
The expected trading range for today is between 0.8750 support and 0.8850 resistance.
Trend forecast: Bearish
Origin: Economies
