The USDCHF price shows additional bullish bias to test the EMA50, noticing that stochastic shows clear negative signals now, waiting to motivate the price to resume the expected bearish trend on the intraday basis, which its next target located at 0.8332.
Breaking 0.8430 will ease the mission to achieve the suggested target, while breaching 0.8543 will stop the bearish trend and push the price to build bullish wave that its first main target located at 0.8673.
The expected trading range for today is between 0.8410 support and 0.8540 resistance.
Trend forecast: Bearish
Origin: Economies
