DAILY EUR/CHF OUTLOOK - 1.2305
16 Jun 2013 22:39GMT
Despite last Thur’s selloff to a 5-week low at 1.2223, subsequent strg rebound to 1.2338 signals
erratic decline fm May’s 1.2650 top has formed a temp. low there n a rebound to 1.2365 n then 1.2388
is likely but res at 1.2420 wud remain intact.
Buy on dips with stop as indicated, break wud suggest recovery is over n risk, 1.2223, 1.2197.
STRATEGY : Buy at 1.2270
OBJECTIVE : 1.2350
STOP-LOSS : 1.2235
RES : 1.2338/1.2365/1.2388
SUP : 1.2271/1.2223/1.2197