The USDCHF price keeps its stability above the key support levels 1.0055 – 1.0040, to keep the bullish trend valid until now, supported by the EMA50 that keeps carrying the price from below, waiting to resume the bullish bias that its next main target located at 1.0170.
We should note that breaking the mentioned support lines will push the price to start bearish correction on the intraday basis and stop the current bullish wave.
Expected trading range for today is between 1.0020 support and 1.0120 resistance.
Expected trend for today: Bullish
Origin: Economies
