The USDCHF price hovers around the breached resistance that appears on the chart, noticing that the EMA50 keeps supporting the price from below, while stochastic approaches to show positive overlapping signal on the four hours’ time frame.
Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming sessions, which targets 1.0055 level as a next station, while its continuation conditions holding above 0.9930.
Expected trading range for today is between 0.9910 support and 1.0030 resistance.
Expected trend for today: Bullish
Origin: Economies
