USDCHF – Reverses Gains, Bearish Into The New Week


USDCHF – Reverses Gains, Bearish Into The New Week. USDCHF: Having reversed its previous week gains to close the week lower on Friday, the likely target resides at the 0.8890 level, its Nov 03’2011 low. This development has opened the door for more declines towards the 0.8700 level, its psycho level with a violation of there opening the door for further weakness towards the 0.8609 level and then the 0.8568 level. Its weekly RSI is bullish and pointing lower supporting this view. On any

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