The USDCHF pair’s decline stopped at the EMA50 that formed solid support against the price, to rebound bullishly and head towards resuming the main bullish trend, on its way to test 0.9225 level initially, noting that breaching this level will push the price to 0.9300 as a next positive station.
Therefore, we are waiting for more expected rise in the upcoming sessions unless breaking 0.9095 and holding below it.
The expected trading range for today is between 0.9080 support and 0.9230 resistance.
The expected trend for today: Bearish
Origin: Economies
