Our preference: SHORT positions below 1398 with 1374 & 1368 as next targets.
Alternative scenario: The upside penetration of 1398 will call for a rebound towards 1405 & 1411.
Comment: as long as 1398 is resistance, likely decline to 1374.
Monday, September 2, 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 ...
