Our preference: LONG positions above 110.4 with targets @ 112.2 & 112.75.
Alternative scenario: The downside penetration of 110.4 will call for a slide towards 109.4 & 108.4.
Comment: the RSI is above its neutrality area at 50%.
Friday, September 13, 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 ...
