The USDCHF pair shows sideways trading to fluctuate around the EMA50, affected by stochastic negativity to move below the intraday bullish channel’s support line, while in general, the overall bullish trend scenario still active as long as the price is above 0.9850, waiting to get enough strong positive motive to push the price to resume the expected bullish trend, which its next main target located at 1.0055.
Expected trading range for today is between 0.9880 support and 1.0000 resistance.
Expected trend for today: Bullish
Origin: Economies
