USD CHF in sideways’ range 09/01/2013
Economies.com
2013-01-09 04:45AM UTC
The pair moves in sideways’ range since yesterday fluctuating near the bearish channel’s resistance located now at 0.9290, while EMA50 keeps pushing negatively on the intraday trading, and stochastic provides clear negative signals on the daily timeframe.
Therefore, we continue with the suggested short term bearish trend, unless 0.9290 was breached, which will postpone the waited decline and will lead to retest 0.9400 level.
Expected trading range for today is between: 0.9100 support and 0.9300 resistance.
Expected trend for today: Bearish
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