fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for CHF  Thu Jan 23, 2014 1:35 pm | |
|  Technical Analysis for CHF USDCHF continues to consolidate in a tight range, as price remains below the main resistance at 0.9125 and above the rising trend line for the recent bullish wave, in addition to 0.9085 horizontal support. We still need a breakout of this area, as a break below 0.9085 should signal another leg lower. oN the other hand. Stability above 0.9125 is necessary to confirm the continuation of the bullish wave. Support: 0.9085, 0.9050, 0.9025, 0.9000, 0.8970 Resistance: 0.9125, 0.9160, 0.9185, 0.9215, 0.9250 Recommendation Neutral | |
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