Thursday, September 20, 2012

EUR/CHF intraday: consolidation.


Pivot: 1.212
Our preference: Short positions below 1.212 with targets @ 1.208 & 1.206 in extension.
Alternative scenario: Above 1.212 look for further upside with 1.213 & 1.218 as targets.
Comment: as long as the resistance at 1.212 is not surpassed, the risk of the break below 1.208 remains high.

USDCHF Technical Analysis - Sell at 0.9955

USDCHF made a nice bull move from 0.9716 to 0.9990. Then USDCHF drops from over bought zone. USDCHF is trading below its 20 period MA on 4h ...