The USDCHF price shows additional negative trades to test the intraday bullish channel’s support line that appears on the chart, and the EMA50 meets this support to add more strength to it, while stochastic shows oversold signals now.
Therefore, these factors encourage us to suggest the bullish bias in the upcoming sessions, waiting to test 0.9224 as a next main target, noting that the continuation of the bullish wave requires holding above 0.9110.
The expected trading range for today is between 0.9070 support and 0.9200 resistance.
Trend forecast: Bullish
Origin: Economies
