Wednesday, October 3, 2012

EUR/CHF intraday: bullish bias above 1.2075.


Pivot: 1.2075
Our preference: Long positions above 1.2075 with targets @ 1.212 & 1.213 in extension.
Alternative scenario: Below 1.2075 look for further downside with 1.206 & 1.204 as targets.
Comment: a support base at 1.2075 has formed and has allowed for temporary stabilisation.

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 ...