The USDCHF pair surpassed the bearish channel’s resistance and settled above it, to start bullish correction for the decline measured from 0.9439 to 0.8820, on its way to achieve positive targets that start at 0.8965 and extend to 0.9055 after surpassing the previous level.
Therefore, the bullish bias will be suggested for the upcoming sessions, supported by moving above the EMA50, noting that breaking 0.8905 will stop the positive scenario and push the price to resume the main bearish trend again.
The expected trading range for today is between 0.8850 support and 0.9010 resistance.
The expected trend for today: Bullish
Origin: Economies
