USD/CHF Price Analysis: Bulls look to the 0.9200 area

• USD/CHF stalls following a bearish daily impulse.
• Bulls looking for a significant upside correction. 

The price of USD/CHF is stalling and has moved into a shorter-term sideways channel which raises prospects of a significant upside correction. 

The following illustrates a bullish bias in the daily and hourly chart as follows:

Daily chart

Bulls are on the verge of a move higher as the price stalls near the 21-EMA. 

From a lower time frame, an optimal entry point to target the 0.9200 area and resistance structure with the confluence of the 50% mean reversion. 

Hourly chart

On the hourly chart, bulls are will be seeking a break of the recent highs and the 21-EMA for prospects towards the target.