USD CHF is calm 29/11/2012

Economies.com
2012-11-29 06:13AM UTC

 

The pair returns to the calm trading which takes a sideways range limited between 0.9240 and 0.9300, while EMA50 continues pushing negatively on the intraday trading, and that makes us remain in our general bearish trend expectations which are preferred on the short term basis.

 

Breaking below 0.9240 will accelerate the waited bearishness, while breaching above 0.9400 will decrease the chances of achieving it.

 

Expected trading range for today is between: 0.9150 support and 0.9400 resistance.

 

Expected trend for this week: Bearish

 

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