USD CHF breaks the sideways’ range 22/11/2012
Economies.com
2012-11-22 06:18AM UTC
The pair achieved a breach for the sideways range support at 0.9400 and settled with daily close below it, to get out from the sideways range trend expected in our previous report and open the way for moving lower towards the initial target that we wait to reach at 0.9240
Stochastic positivity might cause a temporary sideways range fluctuation before resuming the waited Bearishness.
Expected trading range for today is between: 0.9240 support and 0.9500 resistance.
Expected trend for today: Bearish
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