The dollar held against the franc test of the pivotal support of 0.9480 yesterday, but without being able to break even now, to continue to fluctuate in the sides of the path as shown image, noting that the 50 EMA continues to pressure negatively on intraday trading to support the continued downside bias in the coming period.
Thus, we hold onto our bearish trend on the intraday and short term, and break the 0.9480 level represents a key requirement to achieve the following objectives which are at 0.9300 and 0.9130, with attention to the need of stability below 0.9700 - 0.9730 for the continuation of the bearish trend expectations.
Expected trading range for today between 0.9450 support and 0.9625 resistance range


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