The USDCHF pair continues to rise to reach 0.8923 level, and by taking a deeper look at the chart, we find that the price forms inverted head and shoulders’ pattern that its confirmation line located at 0.8923, thus, breaching this level will provide strong positive motive that supports the chances of achieving more positive tragets that start at 0.8975 followed by 0.9025.
Therefore, our bullish overview will remain valid and active unless breaking 0.8860 and holding below it.
The expected trading range for today is between 0.8870 support and 0.8975 resistance.
The expected trend for today: Bullish
Go to the news source: The USDCHF forms positive pattern – Analysis