The USDCHF price leaned on the EMA50 and bounced bullishly to test 0.8883 level, noticing that stochastic overlaps positively to support the chances of breaching this level and open the way to continue the bullish trend for the upcoming period, noting that the next targets start at 0.8950 and extend to 0.9014.
Holding above 0.8840 is important to the continuation of the expected rise, as breaking it will push the price to test the key support 0.8778 before any new positive attempt.
The expected trading range for today is between 0.8830 support and 0.8950 resistance.
Trend forecast: Bullish
Origin: Economies
