The USDCHF pair achieved initial breach to 0.8775 level and closed the last four hours’ candlestick above it, reinforcing the expectations of continuing the correctional bullish trend domination, paving the way to head towards our next target at 0.8825.
The EMA50 continues to support the price from below to support the expectations to rise, noting that failing to hold above 0.8775 will put the price under negative pressure to head towards testing 0.8720 – 0.8700 areas before determining the next destination clearly.
The expected trading range for today is between 0.8720 support and 0.8855 resistance.
The expected trend for today: Bullish
Origin: Economies
