Our preference: SHORT positions below 106.4 with 104.3 & 103.1 in sight.
Alternative scenario: The upside penetration of 106.4 will call for 107.5 & 107.9.
Comment: technically, the RSI is below its neutrality area at 50.
Wednesday, August 21, 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 ...
