The USDCHF pair has settled around the 0.8740 level, and a closer examination of the chart reveals the completion of an inverted head and shoulders pattern. This pattern implies bullish potential with optimistic targets surpassing 0.8800, aiming for 0.8875 and 0.9000 as subsequent stations.
Consequently, a continuation of the bullish trend is anticipated for the foreseeable future, given ongoing support from the EMA50. It is crucial for the price to maintain levels above 0.8685 to realize the expected bullish targets.
The projected trading range for today is expected to oscillate between the support level at 0.8660 and the resistance level at 0.8820.
Overall, the trend outlook for today leans bullish, with the completed inverted head and shoulders pattern indicating potential upside movement in the USDCHF pair.