The USDCHF pair managed to achieve our first correctional target at 0.8965, noticing that the price breached it to close the daily candlestick above it, reinforcing the chances of continuing the correctional bullish wave that its next target located at 0.9055.
Therefore, we expect the continuation of the negative trades on the intraday basis, supported by the EMA50 that carries the price from below, taking into consideration that breaking 0.8965 will stop the current bullish wave and push the price to attempt to return to the main bearish track again.
The expected trading range for today is between 0.8910 support and 0.9055 resistance.
The expected trend for today: Bullish
Origin: Economies
