Monday, October 8, 2012

USD/CHF intraday: under pressure.


Pivot: 0.94.
Our preference: SHORT positions below 0.935 with 0.9265 & 0.923 in sight.
Alternative scenario: The upside penetration of 0.935 will call for 0.9395 & 0.9415.
Comment: as long as 0.935 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 ...