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06.02.2014 01:29 AM
Technical analysis of USD/CHF for February 6, 2014

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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

Summary
Urgency
Analytic
Mourad El Keddani
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