USDCHF - Tumbles On Price Sell-Off

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With USDCHF selling off strongly the past week, a follow-through lower is envisaged in the new week. On the downside, support comes in at the 0.9400 level.

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8/22/2015 FXTechstrategy Forex Technical Strategy Commodity Technical Research www.fxtechstrategy.com USDCHF: Tumbles On Price Sell-Off Gives You A Trading Decision Edge Sunday 23 AUG’15 Highlights: www.fxtechstrategy.com

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F 8/22/2015 FXTechstrategy Forex Technical Strategy USDCHF: Tumbles On Price Sell-Off USDCHF: With USDCHF selling off strongly the past week, a follow-through lower is envisaged in the new week. On the downside, support comes in at the 0.9400 level. A turn below here will open the door for more weakness to occur towards the 0.9350 level and then the 0.9300 level. A cut through here will open the door for more weakness towards the 0.9250 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Resistance resides at the 0.9500 level with a breach targeting the 0.9550 level. A respite may occur here and turn the pair lower but if taken out, expect a push higher towards the 0.9750 level. All in all, the pair remains biased to the downside. EURUSD www.fxtechstrategy.com

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f 8/22/2015 FXTechstrategy FXT Technical Strategist Plus This report is prepared solely for information and data purposes. Opinions, estimates and projections contained herein are those of FXTechstrategy.com own as of the date hereof and are subject to change without notice. The information and opinions contained herein have been compiled or arrived at from sources believed to be reliable but no representation or warranty, express or implied, is made as to their accuracy or completeness and neither the information nor the forecast shall be taken as a representation for which FXTechstrategy.com incurs any responsibility. FXTstrategy.com does not accept any liability whatsoever for any loss arising from any use of this report or its contents. This report is not construed as an offer to sell or solicitation of any offer to buy any of the currencies referred to in this report. Click here for full disclaimer Disclaimer www.fxtechstrategy.com

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