The USDCHF pair faced temporary negative pressure yesterday to test the EMA50 that forms good support against the price, to protect the expected bullish trend scenario on the intraday and short-term basis, which its next targets located at 0.9000 followed by 0.9140.
Therefore, the bullish trend will remain valid and active, affected by the previously completed inverted head and shoulders’ pattern, noting that breaking 0.8775 will stop the expected rise and push the price to turn to decline.
The expected trading range for today is between 0.8780 support and 0.8940 resistance.
The expected trend for today: Bullish
Origin: Economies
