USD CHF in tight range 19/02/2013
Economies.com
2013-02-19 05:16AM UTC
The pair is hovering around the EMA50 within a tight range as appears in the image, and the stability above the breached bearish channel resistance – turns into support now at 0.9120- and below 0.9400 will make us suggest witnessing sideways trading in the upcoming period.
Note that breaching above 0.9400 will open the way for more upside move initially towards 0.9520, while breaking below 0.9120 will turn the general bearish trend scenario back again.
Expected trading range for today is between: 0.9120 support and 0.9350 resistance.
Expected trend for today: sideways
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