The USDCHF price breaches the resistance – Forecast today – 07-10-2024

usd_chf_forex_1The USDCHF price rallied upwards strongly to breach 0.8543 level and settles above it, to head towards achieving more gains and build bullish wave that targets 0.8673 areas mainly.

Therefore, the bullish bias will be suggested for today, supported by moving above the EMA50, noting that breaking 0.8543 and holding below it will reactivate the main negative scenario and head to test 0.8465 areas initially.

The expected trading range for today is between 0.8510 support and 0.8650 resistance.

Trend forecast: Bullish

Origin: Economies

 

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