Our preference: SHORT positions below 110.4 with 108.75 & 108.25 in sight.
Alternative scenario: The upside penetration of 110.4 will call for a rebound towards 111.3 & 111.95.
Comment: the RSI is capped by a declining trend line.
Tuesday, September 17, 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 ...
