The EUR/CHF pair has recently signaled a positive trend by breaking above the resistance of a minor bearish channel at 0.9615. It further indicated its bullish intent by touching the 0.9655 level and attempting to maintain a position above the MA55.
Moreover, the stochastic oscillator continues to consolidate within the overbought range, reinforcing the potential for a bullish trajectory in both the short-term and medium-term. The immediate target is set at 0.9672, with the intention to push beyond the 0.9700 resistance, which may pave the way for a sustained bullish momentum in the forthcoming period.
For today’s trading session, the anticipated range is projected to fluctuate between 0.9620 and 0.9670, with an overall bullish trend expected to dominate the market.