The USDCHF price shows more bearish bias to approach our waited target at 0.8778, reminding you that this level is important to determine the next trend, as breaking it will put the price under additional negative pressures that open the way towards targets 0.8715 followed by 0.8673 levels as next negative stations.
Stochastic loses its positive momentum to support the chances of continuing the decline today, reminding you that the continuation of the bearish wave depends on the price stability below 0.8883.
The expected trading range for today is between 0.8755 support and 0.8890 resistance.
Trend forecast: Bearish
Origin: Economies
