The USDCHF pair continued to decline to test the key support 0.8720, and provided additional negative trades to retest the neckline of the double bottom pattern that appears on the chart, noticing that the price begins to rebound bullishly by today’s open, to head towards resuming the correctional bullish trend, which its next target located at 0.8825.
Stochastic overlaps positively to support the expectations to rise today, which will remain valid conditioned by the price stability above 0.8720 – 0.8700 levels.
The expected trading range for today is between 0.8680 support and 0.8820 resistance.
The expected trend for today: Bullish
Origin: Economies
