The USDCHF price traded with clear negativity yesterday to break 0.8883 and settle below it, but we notice that the EMA50 formed solid support against the price, accompanied by witnessing clear positive signals through stochastic now.
Therefore, these factors encourage us to suggest the bullish bias for today, waiting to visit 0.8935 followed by 0.9014 levels as next main stations, taking into consideration that breaking 0.8850 will put the price under additional negative pressure to head towards 0.8778 areas as next negative station.
The expected trading range for today is between 0.8830 support and 0.8950 resistance.
Trend forecast: Bullish
Origin: Economies
