R3= 1.2406
r2= 1.2382
r1= 1.2366
pivot= 1.2342
s1= 1.2326
s2= 1.2302
s3= 1.2286
Thread: Eur/Chf
R3= 1.2406
r2= 1.2382
r1= 1.2366
pivot= 1.2342
s1= 1.2326
s2= 1.2302
s3= 1.2286
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the pair EUR/CHF settles nearly level 1.2330 a head of Jordan,s speech
being trader on the Swiss franc was almost unchanged today approaching the level 1.2330 a head of a speech Thomas Jordan
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buy eur/chf at the level 1.2335 with targets at 1.2370 and 1.2385, but in case of breaking the level 1.2320, then sell below this level with targets at 1.2291 and 1.2271
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Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Eur/Chf already pulled back from 1.2345 then going down, so i think the price will be continuing down untill re-test/re-touch 1.2310 again. A buying plan only can be enter after price stay above 1.2345.
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this pair is moving in the up trend along the supporting trend line but now it is reach to resistance at 1.2347 this is may be not break because now it is making a doji candlestick pattern. so if the price is close below the 1.2325 we can short this with the target 1.2290
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CHF Outlook February 19, 2013
Swiss franc moves in the lowest level for nearly three weeks against the dollar in session on Monday, following the suppression of the euro due to the still gloomy economic conditions. Comments from ECB President Mario Draghi said last night that the strengthening of the euro at risk to reduce inflation and economic growth prospect, had only increased selling pressure on the European single currency.
A pledge from the G20 to avoid currency war has been to avoid direct criticism to the Japanese, which currently impose monetary and fiscal policy aggressively to restore the economic conditions as usual, and the weaker yen has helped about 20 percent this year. Analysts said the G20 position could also benefit the euro zone.
franc fell 0.3% against the dollar kesekitar 0.9235 francs. Meanwhile, the euro, franc weakened 0.1% around 1.2322 francs per euro
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elliott common flat correction up 1.2387
current rise should end around or 1.2346 objective of down move are 1.2312 or 1.2294 arise above 1.2363 is again bullish
technical points
key point 1.2339 - entry point 1.2328 - closing 1.2329 - projection 1.2346 - trend lone 1.2307
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M30
Being priced above 1.2327 pivot shows today tend to rise. MA crosses above 10 and 20 show the trend is up. There gartley bearish pattern formation. conditions almost overbought RSI. prices likely will rise to 1.2350 and then dropped because of the effects gartley bearish pattern .. Will??
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