DAILY Crosses OUTLOOK EUR/CHF : March 13, 2013

Trading Discussion Currencies
#1


DAILY EUR/CHF OUTLOOK - 1.2342

13 Mar 2013 06:39GMT

Despite euro’s resumption of recent rise fm Feb’s low at 1.2118 to 1.2391 last Fri, subsequent strg retreat suggests a temp. top has been made n conso- lidation with downside bias is seen for weakness to 1.2315 but 1.2289 shud hold n bring rebound.

Sell on recovery for 1.2305 or buy if euro drops to there 1st for another bounce to 1.2365.

STRATEGY : 1.Sell at 1.2365 or 12.Buy at 1.2305

OBJECTIVE : 1)1.2305 or 2)1.2365

STOP-LOSS : 30 points

RES : 1.2367/1.2391/1.2415

SUP : 1.2322/1.2289/1.2240

#2

I suppose that the price will turn after reaching the 1.10018 level.

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#3

The price on EUR/CHF moves to resistance level. When 1.09853 mark will be passed, I’m gonna sell.

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#4

I suppose that the price will turn after reaching the 1.08699 level.

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#5

As the price has reached the level of resistance, I think that now it will pass the 1.09099 mark.

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#6

I can see an excellent entrance to the EUR/CHF market after passing the 1.105734 level. The price will go down.

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