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30th Nov - Coffee Pullback Threatens 38.2% Support

30 November 2014

WEEKLY CHART – CONTINUATION:

This year’s recovery found resistance from the long term 61.8% retracement.

DAILY CHART – Mar-15:

The recent pullback found support at the 38.2% retracement, just below the rising support line.

A break of this would prolong the correction phase and see deeper retracements.

Meanwhile note resistance offered in the 214.00 area.

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28th Nov - EUR/CHF Back to Old 1.2000 Floor

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