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USD/CHF Technical Analysis for April 26, 2012

2015-02-24-EURJPY-4H.png

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Technical summary:

As long as support at 133.51 protects the downside, the upward correction from 130.14 could still move higher towards 137.65, but a break below 133.51 will indicate, that wave (iv) ended already at 136.69 and wave (v) lower towards 125.98 is developing. Short-term resistance is found at 1355.35 and again at 135.94 which needs to be broken to confirm one last rally higher towards 137.65.

Trading recommendations:

We are short EUR at 133.90 with stop placed at 136.00. If you are not short EUR yet, you should only sell upon a break below 133.51

Mourad El Keddani neemt deel aan de "Analyst of the Year" onderscheiding georganiseerd door MT5.com portal. Als u zijn artikel goed vindt, stemt u dan op hem.

Uitgevoerd door, Analytische expert
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