Saturday, May 31, 2014

USD/CHF Weekly Outlook

Despite edging higher to 0.8986, USD/CHF struggled to sustain above 0.8952 resistance and retreated. Considering bearish divergence condition in 4 hours MACD and break of 0..8937, a short term top is likely in place. Intraday bias is mildly on the downside this week first. Current development argues that price actions



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