Wednesday, July 2, 2014

USD/CHF Faces Demand At 0.8870

Right now the 100-day SMA is coping with the selling pressure that was a result of a failure at 0.90. However, taking into account a cluster of resistances at 0.8928/16, the likelihood of a robust recovery from here is low, and a breach of 0.8871/64 given these conditions seems to



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