31st Oct - EUR/CHF Trying to Recover off Support
31 October 2013
MONTHLY CHART:
Recovery here tested the long
term 1.2665 38.2% recovery level.
A clear breach would invite higher
retracement targets.
DAILY CHART:
The cross has so far seen a
modest recovery off support
provided by the channel base
projection and 1.2215 24-Jun low
area (residual support coming
from a 76.4% retracement too). A
subsequent break below this
would favour the bears.
Meanwhile, a rally through the
1.2415 11-Sep high would be a
positive sign that a better recovery
was underway.
Next story:
07th Nov - Coffee Falls to Long Term 76.4% Retracement 
Previous story:
31st Oct - Wheat Recovery Stalls at Dual Resistance