Our preference: SHORT positions @ 1303 with 1277 & 1273 as next targets.
Alternative scenario: The upside penetration of 1305 will call for 1310 & 1317.
Comment: as long as 1305 is resistance, expect a return to 1277.
Wednesday, October 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 ...
