USD/CHF Pair Faces EMA50 Resistance; Bearish Momentum Possible at 0.89077

The USD/CHF pair is facing strong resistance at the EMA50 level, with the stochastic showing a clear loss of positive momentum. This is expected to push the price towards resuming the bearish wave within the existing bearish channel. To do so, the price must surpass the 0.8860 level, opening the way for a rally towards 0.8800 and 0.8705 levels. However, holding above 0.8940 is crucial to continue the expected decline, as breaching this level may lead to a turn to rise and visit 0.9080 areas before any new attempt to decline.

The expected trading range for today is between 0.8810 support and 0.8960 resistance.