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Wednesday, 8 January 2014

USD/CHF Daily


General Longterm Overview for 08/01/2014:
Complex corrective cycle looks to be completed and 38%Fibo provided the support for the last leg of wave 2 black. Breakout above 0.9300 is needed to confirm the strength but full confirmation comes with parity breakout.

Support/Resistance:
0.9130 - Techncial Resistance
0.9300 - Technical Resistance | 23%Fibo
0.9456 - Technical Resistance

Trading Recommendations:

Buy the dips folks.
:)

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