USD CHF pushes on the channel’s support – Analysis - 25/11/2015
Economies.com
2015-11-25 06:06AM UTC
The USDCHF trades below the bullish channel’s support that appears in the chart, which might push the price to make some bearish correction on the intraday basis, but we notice that the EMA50 and stochastic provide positive signals on the four hours time frame, to get chances to regain its main bullish track.
Now, we need to stay a side temporarily until getting a clearer confirmation signal for the trend, which we get it by breaching one of the critical levels that represented by 1.0120 support and 1.0200 resistance.
Expected trading range for today is between 1.0050 support and 1.0250 resistance.
Expected trend for today: Neutral
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