The USDCHF pair succeeded to touch our first main waited target at 1.0000, showing some bearish bias affected by stochastic negativity that appears clearly on the four hours’ time frame, which might push the price to retest 0.9900 level before resuming the bullish trend.
In general, we will continue to suggest the bullish trend supported by the EMA50, unless breaking 0.9800 level and holding below it, noting that breaching 1.0000 level will extend the pair’s gains to reach 1.0130 as a next main station.
Expected trading range for today is between 0.9850 support and 1.0100 resistance.
Expected trend for today: Bullish
Origin: Economies.com
