USD CHF stops at resistance barrier 22/02/2013
Economies.com
2013-02-22 05:12AM UTC
From the above image, we find that the price has found downside channel’s resistance at 0.9340, which we believe that it will force the price to bounce to the downside, supported by stochastic.
Therefore, the bearish bias will be expected for today, and the main target is retesting 0.9125 level, noting that breaching above 0.9340 followed by 09400 will turn the intraday trading into the upside.
Expected trading range for today is between: 0.9160 support and 0.9400 resistance.
Expected trend for today: Bearish
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