Sideways Movement with Bullish Momentum
The USDCHF pair moves within a sideways track in the previous sessions.
Stochastic indicates a clear gathering of positive momentum, suggesting a potential uptrend.
Resumption of Bullish Trend
The price is expected to resume the main bullish trend within the bullish channel on the chart.
Next targets are located at 0.9105 and 0.9150.
Supporting Factors
The EMA50 continues to support the expected rise.
Price stability above 0.9000 is necessary to validate the bullish scenario.
Trading Range
The expected trading range for today is between 0.8990 support and 0.9130 resistance.
Trend forecast: Bullish
Origin: Economies
