USD CHF needs some upside move 07/12/2012

Economies.com
2012-12-07 05:18AM UTC

The pair traded positively yesterday effected by Stochastic positivity, closing from the EMA50 which acts as a protecting barrier for the bearish expectations.

 

In general, the main bearish trend scenario remains valid on the short term basis, reminding you that achieving it requires a clear break below 0.9240 besides settling below 0.9400

 

Expected trading range for today is between: 0.9100 support and 0.9360 resistance.

 

Expected trend for today: Bearish

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