Our preference: SHORT positions below 1412 with targets @ 1390 & 1384.
Alternative scenario: The upside breakout of 1412 will open the way to 1422 & 1430.
Comment: as long as 1412 is resistance, look for choppy price action with a bearish bias.
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 ...
