Tuesday, September 25, 2012

USD/CHF intraday: the upside prevails.


Pivot: 0.93
Our preference: LONG positions above 0.932 with 0.94 & 0.942 in sight.
Alternative scenario: The downside penetration of 0.932 will call for slide towards 0.93 & 0.9275.
Comment: the pair is pulling back on its support ahead of a rebound.

By at

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 ...

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