The EURCHF currency pair continues to consolidate below the resistance level of 0.9338, maintaining its bearish trend. The price is currently fluctuating around the 0.9310 mark, as conflicting signals from the stochastic indicator and negative price stability create sideways movement. This ongoing consolidation is expected to soon provide negative momentum, which could support a move toward lower price levels near 0.9250 and 0.9210.
However, should the price manage to break above the resistance at 0.9338 and hold steady, it would signal a shift to a bullish trend, opening up the potential for further upward movement toward targets starting at 0.9375.
For today, the anticipated trading range is between 0.9250 and 0.9320.
Trend Outlook: Bearish
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