The USDCHF pair shows sideways trades in the previous sessions, and by taking a deeper look at the chart, we find that the price completed forming inverted head and shoulders’ pattern that has positive targets that reach 0.8700 followed by 0.8740.
Therefore, we are waiting for more expected rise on the intraday basis, noting that breaking 0.8490 will stop the bullish trend and push the price to decline again.
The expected trading range for today is between 0.8470 support and 0.8600 resistance.
The expected trend for today: Bullish
Origin: Economies
