Blindfoldedmonkey: USDCHF technical outlook

Wednesday 24 July 2013

USDCHF technical outlook

"Disregarding the big swing and trying to jump in and out was fatal to me. Nobody can catch all the fluctuations. In a bull market the game is to buy and hold until you believe the bull market is near its end." Jesse Livermore
For today might be long opportunities on this cross - which means sell option on EURUSD simultaniously. Yesterday the pair was pushed sharply lower close to the big resistance line at 0,9323. In the last two days traded only under 0,9394 area and so far has not been able to break out from this range. But the sentiment has changed during the night and this morning. Stabilized after the yesterday slight dipping.


The weakness of the dollar seems over. So today on USDCHF could be a good entry for long. Now traded the cross at 0,9364 and the next big resistance line is at 0,9395. If this zone if taken out will turn focus to the 0,9465 level. It should be broken still today.

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