The market has continued coming downwards – a move that was started last Friday. The downwards movement is becoming serious and a threat to the recent short-term bullishness in the market. A movement below the support level at 0.9500 will result in a bearish bias, which means the market will move further southwards.
On the other hand, a rally from here would remove a possibility of a bearish bias from the market, thus saving the recent bullishness. Today and tomorrow will show what will eventually happen.
The material has been provided by InstaForex Company – www.instaforex.com
USD/CHF
The market has continued coming downwards – a move that was started last Friday. The downwards movement is becoming serious and a threat to the recent short-term bullishness in the market. A movement below the support level at 0.9500 will result in a bearish bias, which means the market will move further southwards.
On the other hand, a rally from here would remove a possibility of a bearish bias from the market, thus saving the recent bullishness. Today and tomorrow will show what will eventually happen.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: