USD/CHF

USDCHF has proved its worth of breakout and is currently experiencing stiff resistance at 0.9080, breaking which 0.9120 becomes another landmark to test. Downside support of 0.9040 keep maintaining its mark.

0.9078 proved to be strong support as the pair reversed towards 0.9120, breaking which 0.9165 becomes important resistance. 0.9070 and 0.9050 becomes downside supports should the pair breakdown below 0.9078.

staking some entry right around this point planning on going long..

I could see it pumping 1 or 2 more highs (max) before a serious correction.

Today's also heavy data day, so trade safe!

Will keep the long until year end and see how things unfold

The pair did test horizontal support line of 0.9050. Should the weakness continue, it can re-test that level and can extend downtrend towards 0.9030. Upside resistance of 0.9085 remains strong.

USDCHF likely to re-test 0.9078 and 0.9095 levels by following the ascending trend line. However, 0.9065 and 0.9050 becomes important support for the pair which can force it to re-test sub - 0.9000 levels.

Will USD/CHF fall to 0.9055 ... after it climbs up first ... ???

short position USDCHF daily
bearish crab

http://up.boursy.com/uploads/2013-10...aily_919f0.png

After failing to decisively conquer 0.9100 mark, USDCHF is now testing an ascending trend-line support near 0.9060-50 area. Failure to hold this support could drag the pair immediately to 0.9040 horizontal support.
However, a bounce back from the trend-line support would confirm continuation of the bullish momentum and the pair could easily climb back above 0.9100, towards Jan. 2014 high near 0.9150 area.

looking to build short now

Great minds think alike, shorted 9097-9037 for +60, looking to re enter shorts 9065-9075 for .382, should be good pips for us this week.

A break above 0.9065 (resistance turned support) and 0.9072 (confluence of 20-EMA and 40-EMA on H4) can fuel the pair towards 0.9090 and 0.9105 while the continuation of downside calls for 0.9030 and 0.9022 levels. I support the bears around 0.9070 with 0.9100 being the SL and 9030 being the target.

Even with little volatility, the EURCHF signaling signs of rally towards its near-term resistance zone near 1.2175-80 on the break of 1.2145. However, a sustained trading below 1.2135 can cause the pair to re-test yearly low of 1.2100.

USDCHF likely to fail in surpassing important resistance zone of 0.9160-65. If broke, 0.9250 can't be denied.

Failure to sustain the break of 0.9180 causing the pair to re-test ascending trend line support near 0.9130-25 region. Only a close above 0.9180 can open doors for 0.9250 levels.

USDCHF continued observing the ascending trend line support; however, lower high formation making the triangle pattern and signaling a rally should the pair sustains a break of 0.9160.

0.9195 - 0.9200 continued to provide important resistance to USDCHF.