The USDCHF pair reached few pips away from our second waited target at 0.9800, showing sideways trading in attempt to get rid of the negative momentum that appears on stochastic, while the price continues to move inside the bullish channel that appears on the chart, waiting to resume the positive trading to head towards our extended target that reaches 0.9900.
Therefore, the bullish trend scenario will remain valid and active in the upcoming sessions, supported by the EMA50, noting that breaking 0.9730 will put the price within the correctional bearish track again.
The expected trading range for today is between 0.9700 support and 0.9870 resistance.
The expected trend for today: Bullish
Origin: Economies
