The USDCHF price bounced bearishly in the previous sessions to test the EMA50 that forms good intraday support base, accompanied by stochastic gathering the positive momentum on the four hours’ time frame, waiting to motivate the price to resume the main bullish trend, which its next target located at 1.0055.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions unless breaking 0.9945 level and holding below it.
Expected trading range for today is between 0.9945 support and 1.0055 resistance.
Expected trend for today: Bullish
Origin: Economies
