fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for CHF  Wed Oct 23, 2013 8:57 am | |
|  Technical Analysis for CHF The pair moved to the downside yesterday and is stable below 161.8% Fibonacci at 0.8960 today. Stability below the referred to level is negative and might extend bearishness today reaching 0.8840 levels. Breaching 0.9065 could fail these expectations, but we prefer stabilizing below 0.9000 levels to keep these expectations strong. Support: 0.8930, 0.8900, 0.8860, 0.8840, 0.8765 Resistance: 0.8960, 0.8980, 0.9000, 0.9030, 0.9065 Recommendation Based on the charts, sell the pair below 0.8960 targeting 0.8930, 0.8900 then 0.8840 and stop-loss at four-hour closing above 0.9000 | |
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