USD CHF moves according to the scenario 17/05/2013

Economies.com
2013-05-17 04:04AM UTC

The pair retested 0.9595 level which was mentioned yesterday, and bounced to the upside to resume the expected positive trading on the intraday and short term basis, supported by the EMA50, to wait upside targets that begin at 0.9770 and extend to 0.9950

 

Breaking below 0.9595 and settling below it will stop these positive expectations and lead to test 0.9400 level.

 

Expected trading range for today is between: 0.9595 support and 0.9770 resistance.

 

Expected trend for today: Bullish

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