The USDCHF pair provided additional negative trades yesterday to test 0.9100 barrier, showing sideways trades now, noticing that stochastic loses its positive momentum clearly, while the EMA50 forms continuous negative pressure against the price.
Therefore, we believe that the chances valid to resume the expected bearish trend on the intraday basis, which its next target located at 0.9060, noting that breaching 0.9235 will push the price to test the most important resistance at 0.9316 before any new attempt to decline.
The expected trading range for today is between 0.9080 support and 0.9230 resistance.
The expected trend for today: Bearish