The USDCHF pair confirmed forming the inverted head and shoulders’ pattern after closing the daily candlestick above this pattern’s neckline, to activate the positive effect of this technical formation, which its full target meets the key resistance 0.9752.
Therefore, the bullish bias will be suggested for today supported by the EMA50, unless the price managed to break 0.9634 level and hold below it again, which will lead the price to regain its main bearish track that its next target located at 0.9442.
Expected trading range for today is between 0.9600 support and 0.9752 resistance.
Expected trend for today: Bullish
Origin: Economies
