USD CHF in tight range 11/02/2013
Economies.com
2013-02-11 06:11AM UTC
The pair fluctuates in tight range settling below the EMA 50, which is considered as the key factor for the continuation of our intraday trend and the bearish short term trend expectations.
Stochastic hits the overbought levels reinforcing our expectations for moving lower, and the waited targets begin at 0.9100 followed by testing the psychological barrier 0.9000.
Expected trading range for today is between: 0.9050 support and 0.9235 resistance.
Expected trend for today: Bearish
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