Forecast :
- According to the previous events, the price of the USD/CHF pair has still been moving between 0.9070 and 0.9003.
- Buy above the 0.8950 price with the first target of 0.9040, it might resume to 0.9105.
- Stop loss should be set below 0.8925.
- Sell below the 0.9115 price with the first target of 0.9066; also, it will call for downtrend in order to continue its bearish movement towards 0.8973.
- Stop loss should be placed at the level of 0.9145.
Intraday Technical Levels :
Date:6/02/2014
Pair:USD/CHF
Projected high: 0.9194
Breakout (buy stop): 0.9139
Strong resistance (sell limit): 0.9109
Current Pivot: 0.9030
Strong support (buy limit): 0.8950
Breakout (sell stop): 0.8925
Projected low: 0.8875
The material has been provided by InstaForex Company - www.instaforex.com
For detail explanation and best discovery on market trends you may visit via Technical analysis of USD/CHF for February 6, 2014 . Thanks for your support on Technical analysis of USD/CHF for February 6, 2014
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