Our preference: SHORT positions below 1416 with 1395 & 1384 as next targets.
Alternative scenario: The upside penetration of 1416 will call for a rebound towards 1422 & 1430.
Comment: as long as 1416 is resistance, likely decline to 1395.
Friday, August 30, 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 ...
