Our preference: SHORT positions below 105.2 with targets @ 103.1 & 101.8.
Alternative scenario: The upside penetration of 105.2 will call for 106.25 & 106.95.
Comment: technically, the RSI is below its neutrality area at 50.
Thursday, August 22, 2013
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 ...
