The USDCHF pair reached few pips away from our waited target at 0.9730, and it bounced bearishly to test the EMA50, noticing that stochastic got rid of its negative momentum and begins to overlap positively now, waiting to motivate the price to resume the bullish trend that targets breaching the mentioned level to open the way to head towards 0.9900 as a next main station.
Therefore, the bullish trend scenario will remain valid and active for the upcoming sessions unless breaking 0.9626 level and holding with a daily close below it.
The expected trading range for today is between 0.9625 support and 0.9770 resistance.
The expected trend for today: Bullish
Origin: Economies
