Pivot: 87.30
Our preference: LONG positions above 87.3 with 89.65 & 90.45 in sight.
Alternative scenario: The downside breakout of 87.3 will open the way to 86.5 & 85.8.
Comment: the immediate trend remains up but the momentum is wesk.
Wednesday, November 7, 2012
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 ...
