USD CHF declines calmly 12/04/2013

Economies.com
2013-04-12 05:08AM UTC

The pair shows slight bearish bias heading towards our initial targets around 0.9210, as stochastic provides positive signals that interpret the slowness of the bearish wave.

 

In general, we continue with our bearish scenario supported by EMA50, which remains valid unless 0.9400 was broken.

 

Expected trading range for today is between: 0.9210 support and 0.9365 resistance.

 

Expected trend for today: Bearish

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