USDCHF TECHS JAN 25TH
USDCHF TECHS UPDATE Jan 25th
Current rate : 1.0397
Trading biais : Neutral for the moment
Trading strategy : stay aside
Today’s techs D1 http://screencast.com/t/ZjQyYWJjZjY
Techs Jan 19th D1 http://screencast.com/t/Zjc3MTIwN2Q
Neutral outlook for the moment. USD/CHF’s retreat from 1.0494 is still in progress and another fall to 4 hours 55 EMA (now at 1.0343) cannot be ruled out. But after all, downside is expected to be contained above 1.0291 resistance turned support (ema 50) and bring rally resumption. As noted before, current development indicates that whole rise from 0.9919 should be resuming. Break of 1.0506 will target 1.0590 medium term support turned resistance next.
Kind regards
Jerry