EUR/CHF - Daily technical Analysis

By IBTimes Staff Reporter | March 12 2010 10:08 AM

The pair continues with the short movement started yesterday, falling 45 pips so far. Right now, the pair is trading at 1.4588 francs per euro. Above, the next resistance is at 1.4590. The bands of Bollinger show a volatility of 40 pips in the hour, while the 14 days RSI is clearly oversold.On the four hours chart, the Parabolic SAR shows buying signs, while the MFI is near 20 points, oversold area. According to the Ichimoku, the Kumo confirms the bearish trend of the pair, while the Spot is under the 50 days MA and the Bears are negative, showing selling signs.

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