The USDCHF pair settles below 0.9488 level, to keep the negative pressure valid until now, supported by the pressure formed by the EMA50, besides the negative overlapping signal that stochastic begins to provide now.
Therefore, the bearish trend will remain expected on the intraday and short term basis conditioned by the price stability below 0.9488, reminding you that our next main target is located at 0.9373.
Expected trading range for today is between 0.9370 support and 0.9515 resistance.
Expected trend for today: Bearish