Our preference: LONG positions above 23.6 with 24.8 & 25.2 in sight.
Alternative scenario: The downside penetration of 23.6 will call for a slide towards 23.3 & 22.85.
Comment: the RSI is negative but supported by a strong support.
Tuesday, August 27, 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 ...
