The USDCHF price shows positive trades by today’s open to breach 0.9014 level and attempts to hold above it, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, paving the way to head towards our next target at 0.9100.
The EMA50 supports the suggested bullish wave, noting that breaking 0.8980 will put the price under negative pressure that targets 0.8883 areas before any new attempt to rise.
The expected trading range for today is between 0.8960 support and 0.9090 resistance.
Trend forecast: Bullish
Origin: Economies