The USDCHF price shows some bearish bias after finding solid resistance at 0.8778, noticing that stochastic got rid of its negative momentum to reach the oversold areas, waiting to motivate the price to resume the positive trades to breach the mentioned level followed by rallying towards 0.8830$ and 0.8883$ levels that represent the next positive target.
The EMA50 keeps supporting the suggested bullish wave, which will remain valid unless breaking 0.8673 and holding below it.
The expected trading range for today is between 0.8670 support and 0.8800 resistance.
Trend forecast: Bullish
Origin: Economies
