The USDCHF pair settles around 0.8740 level since yesterday, 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 surpass 0.8800 to reach 0.8875 followed by 0.9000 as next stations.
Therefore, we will continue to suggest the bullish trend for the upcoming period, which gets continuous support by the EMA50, noting that holding above 0.8685 is important to achieve the expected targets.
The expected trading range for today is between 0.8660 support and 0.8820 resistance.
The expected trend for today: Bullish
Origin: Economies
