The USDCHF pair begins today’s trading with bearish bias to break the bullish channel’s support line that appears on the chart, which might push the price to test the most important support at 0.9990 before attempting to rise again.
Until now, the overall bullish trend scenario still active unless breaking 0.9990 and holding below it, noting that the EMA50 attempts to protect the suggested positive scenario, which its next target located at 1.0128.
The expected trading range for today is between 0.9990 support and 1.0100 resistance.
The expected trend for today: Bullish
Origin: Economies
