The USDCHF price’s rise stopped around 0.8750 level, to rebound downwards clearly and break 0.8670 level and settle below it, to fall under expected negative pressure in the upcoming sessions and head towards visiting 0.8543 areas mainly.
Therefore, the bearish bias will be expected in the upcoming sessions conditioned by the price stability below 0.8670, as breaching this level will lead the price to start new recovery attempts and build bullish wave on the intraday basis.
The expected trading range for today is between 0.8570 support and 0.8700 resistance.
Trend forecast: Bearish
Origin: Economies
