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Technical Analysis CHF

By:

Forex Ltd

2009-06-01

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The pre-planned breakout variant for buyers was realized with overlap of assumed targets. OsMA trend indicator, having marked high bullish activity development at the break of key resistance range gives reasons for supporting buying planning priorities for today. Hence at the moment considering signs of rate correction incompleteness we assume the possibility of pair return to close 1.1020/40 supports, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For buying positions on condition of formation of topping signals the targets will be 1.1090/1.1110, 1.1180/1.1200 and/or further breakout variant up to 1.1260/80, 1.1320/40, 1.1380/1.1400. An alternative for sells will be below 1.0940 with targets 1.0880/1.0900, 1.0820/40, 1.0760/80.

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