fxpulsation
Posts : 8759 Join date : 2012-01-25
| Subject: EUR/CHF Daily Outlook Mon Oct 28, 2013 10:21 am | |
| EUR/CHF Daily Outlook Daily Pivots: (S1) 1.2296; (P) 1.2322; (R1) 1.2346; More... Intraday bias in EUR/CCHF remains neutral for the moment. Above 1.2375 will extend the rebound from 1.2213. But in that case, decisive break of 1.2414 is still needed to confirm near term underlying strength. Otherwise, more sideway trading would be seen. Below 1.2281 will target a test on 1.2213 support. In the bigger picture, current development favors deeper decline in EUR/CHF back to 1.21 support and below. But in that case, strong support is expected above SNB's 1.2 floor to contain downside again. Meanwhile, break of 1.2414 resistance is needed to signal buying momentum. Otherwise, outlook will stay neutral at best. | |
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