The USDCHF pair provided clear negative trading yesterday to test the key support 1.0128, keeping its stability above it, accompanied by stochastic reach to the oversold areas and the beginning of witnessing positive overlapping signal on the four hours’ time frame, waiting to motivate the price to resume the expected bullish trend on the intraday and short term basis, which depends on the price stability above the mentioned support.
Note that breaching 1.0210 will ease the mission of heading towards our main expected target at 1.0310.
The expected trading range for today is between 1.0100 support and 1.0230 resistance.
The expected trend for today: Bullish
Origin: Economies
