07th Nov - USD/CHF Bouncing Off Multiple Supports
07 November 2013
WEEKLY CHART:
Dual support on this chart has
come from the 0.8870 38.2%
pullback level and channel base
projection. A modest recovery has
been seen so far.
DAILY CHART:
After violation of the early Feb low
the downmove found clear
support from the bear channel
base projection (this coincided
with the Weekly chart supports).
Following initial recovery price
now needs to push through
resistance offered by the old rising
support/return line at 0.9250
currently, in order to excite the
bulls.
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15th November - Watch the European Bond Markets ![]()
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07th Nov - Coffee Falls to Long Term 76.4% Retracement ![]()

