USD/CHF Technical Analysis for June 11th
2013/MBCFX
The USD/CHF has formed the second
Bottom on the 4 hours chart, and today we expect it will reach the Parabolic Sar level at 0.9290, then it will
make some up corrections , then it will continue
its decline towards the expected target of 0.9250 and 0.9235 , which would
represent a good area to enter buy positions . and take profit at 0.94 level,
and if it breaches down this level, it will be followed by an Impulsive Elliot
wave.
So we recommend you to wait the key
support mentioned levels, and then buy from it.
