The USDCHF price needs strong positively motive – Forecast today – 22-05-2024

chf_forexUSDCHF Price Analysis

Expected Scenario
The USDCHF price didn’t exhibit any strong movement yesterday, remaining stable near the 0.9100 level and maintaining its stability above it.
There is no change to the expected bullish trend scenario for the upcoming period, which receives good support from the EMA50.
Our awaited target is located at 0.9224. However, breaking 0.9080 might push the price to test the most important support for short-term trades at 0.9014 before any new attempt to rise.

Expected Trading Range
Between the support at 0.9060 and the resistance at 0.9190.

Trend Forecast: Bullish

Origin: Economies

 

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