The USDCHF pair attempted to breach 1.0000 level yesterday without managing to hold above it, to fluctuate around the EMA50 now, noticing that stochastic approaches from offering positive overlapping signal on the four hours’ time frame, which forms positive motive that we are waiting to assist the price to breach the mentioned level.
Therefore, our bullish overview will remain valid on the intraday and short term basis, and the next target is located at 1.0130, while holding above 0.9800 represents the most important factor to achieve the waited targets.
Expected trading range for today is between 0.9900 support and 1.0100 resistance.
Expected trend for today: Bullish
Origin: Economies
