The USDCHF pair bounced donwards clearly after facing solid resistance for the bullish channel that appears on the chart, to approach 0.8975 level, noticing that the price begins today with bullish bias to hint resuming the correctional bullish trend, supported by the EMA50 continues to carry the price from below, besides stochastic reach to the oversold areas.
Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 0.8975, noting htat our next main target reaches 0.9080.
The expected trading range for today is between 0.8950 support and 0.9080 resistance.
The expected trend for today: Bullish