The USDCHF pair achieved clear breach to 0.9848 level and ended yesterday’s trading above it, which stops the recently suggested negative scenario and lead the price to begin potential bullish wave on the intraday and short term basis, noting that the positive targets begin at 0.9944 and extend to 1.0062.
Therefore, the bullish bias will be suggested in the upcoming sessions supported by the EMA50 that carries the price from below, unless breaking 0.9848 level and holding below it again.
Expected trading range for today is between 0.9800 support and 1.0000 resistance.
Expected trend for today: Bullish
Origin: Economies
