USD CHF is settled at the critical support 04/12/2012

Economies.com
2012-12-04 05:52AM UTC

The pair is settled at the waited-to-be-breached support at 0.9240, which represents a key for pulling the price to the downside and we expect it to remain the dominant on the intraday and short term trading.

 

Our anticipations are supported by EMA50 which continue pushing negatively on the price, pointing that breaching 0.9400 will stop these expectations temporarily.

 

Expected trading range for today is between: 0.9100 support and 0.9350 resistance.

 

Expected trend for today: Bearish

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