Thursday, September 27, 2012

EUR/CHF intraday: consolidation.


Pivot: 1.212
Our preference: Short positions below 1.212 with targets @ 1.2075 & 1.206 in extension.
Alternative scenario: Above 1.212 look for further upside with 1.213 & 1.215 as targets.
Comment: as long as 1.212 is resistance, look for choppy price action with a bearish bias.

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 ...