Our preference: SHORT positions below 21.95 with 21.2 & 20.6 in sight.
Alternative scenario: The upside penetration of 21.95 will call for 22.45 & 23.
Comment: as long as 21.95 is resistance, look for choppy price action with a bearish bias.
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 ...
