The USDCHF pair shows some bullish bias to approach the EMA50, which continues to form resistance barrier against the price, while stochastic continues to lose the positive momentum.
Therefore, the bearish trend scenario will remain active for the upcoming period, waiting to head towards 0.9060 that represents our next main target, reminding you that breaching 0.9235 will lead the price to recover and test 0.9316 before any new negative attempt.
The expected trading range for today is between 0.9100 support and 0.9250 resistance.
The expected trend for today: Bearish