The USDCHF price shows more bullish bias to attempt to approach our waited target at 0.8883, noticing that the price completed forming bullish flag pattern after breaching the minor bearish channel’s resistance line that appears on the chart, noting that breaching the mentioned level will extend the bullish wave to reach 0.8950 as a next positive station.
On the other hand, we should note that breaking 0.8778 will stop the bullish wave and push the price to turn to decline and build bearish wave on the intraday basis.
The expected trading range for today is between 0.8790 support and 0.8910 resistance.
Trend forecast: Bullish
Origin: Economies
