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The USDCHF price reaches the target – Forecast today - 07-11-2024
The USDCHF price traded with strong positivity to reach the waited target at 0.8778, affected by stochastic negativity to show temporary sideways trades, as we suggest resuming the rise to breach the mentioned level and achieve new gains that reach 0.8830 followed by 0.8883.
Therefore, the bullish trend will remain valid for the upcoming period, noting that failing to breach 0.8778 will put the price under intraday negative pressure to head towards testing 0.8673 areas before any new attempt to rise.
The expected trading range for today is between 0.8700 support and 0.8840 resistance.
Trend forecast: Bullish
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