USD CHF begins the negativity 11/01/2013
Economies.com
2013-01-11 05:22AM UTC
The pair begun to decline yesterday approaching from 0.9100 level and leaving the bearish channel’s resistance shown in the image above, while the negative pressure continues to come from EMA50 and stochastic.
Therefore, we keep our bearish overview valid, mainly targeting the psychological level at 0.9000, and considering the importance of holding below 0.9280 to continue with these expectations efficiently.
Expected trading range for today is between: 0.9000 support and 0.9240 resistance.
Expected trend for today: Bearish
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