11th Jul - EUR/CHF Recovers off 76.4% Support
11 July 2013
MONTHLY CHART:
Recovery here has so far reached the long term 1.2665 38.2% retracement level. A clear breach would invite higher retracement targets.
DAILY CHART:
This cross is currently recovering from 76.4% pullback support, with a channel base projection just above 1.2200 providing backup support. Any bulls would not wish this latter support to fail at this stage.
We wait to see what further recovery can be made, with interest as much in the longer term chart.
Next story:
19th Jul - Initial Bull Sign in CRB Index? 
Previous story:
11th Jul - Copper Challenging Next Long Term Supports