Wednesday, September 5, 2012

EUR/CHF intraday: bullish bias above 1.2.


Pivot: 1.2
Our Preference: Long positions above 1.2 with targets @1.203 & 1.205 in extension.
Alternative scenario: Below 1.2 look for further downside with 1.199 & 1,198 as targets.
Comment: a support base at 1.2 has formed and has allowed for a temporary stabilisation.
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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 ...