The USDCHF pair succeeded to touch our waited target at 0.9190 and attempts to breach it, which supports the chances of extending the bullish wave on the intraday and short term basis, paving the way to head towards 0.9305 as a next positive target.
Therefore, we will continue to suggest the bullish trend for the upcoming period supported by the EMA50, noting that failing to achieve the required breach will stop the expected rise and press on the price to rebound bearishly and head towards 0.9090 areas initially.
The expected trading range for today is between 0.9130 support and 0.9260 resistance.
The expected trend for today: Bullish
Origin: Economies
