Our preference: SHORT positions below 104.1 with targets @ 102.3 & 100.85.
Alternative scenario: The upside breakout of 104.1 will open the way to 105 & 105.6.
Comment: as long as 104.1 is resistance, likely decline to 102.3.
Wednesday, September 25, 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 ...
