Monday, October 8, 2012

EUR/CHF intraday: intraday support around 1.2105.


Pivot: 1.2105
Our preference: Long positions above 1.2105 with targets @ 1.2135 & 1.215 in extension.
Alternative scenario: Below 1.2105 look for further downside with 1.209 & 1.2075 as targets.
Comment: a support base at 1.2105 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 ...