EURCHF:
Euro-franc explode upward beginning 2014
Opening of the year 2014 is very positive since the first hours of the year to return to the resistance 1.2320 again daily candle risers
The euro has been falling off that lasted two months respectively against the Swiss franc to breaking key support down to 1.2220 to its lowest in nine months since last April and 11 registered 1.2164
Because of remarks by Central Bank Governor alsoisr Gordon constantly peg the franc to not exceed 1.20 even pay to intervene repeatedly to continue in the same monetary policy feared a strong franc exchange rate amid continued European growth and sovereign debt problems
To return to the positive this week, and two days for a weekly candle-hammer model-supported ascent over the short term for penetrating resistance average 55 week 1.2260 and 1.2300 resistance levels
Medium and long term
The weekly chart as is clear after the rise of the euro against the franc the bottom 1.0070 up last month to its highest level in two years, up from 1.2823 broken husband support level 61% AIMA and support levels average exponential 55 week down from 1.2270 strong motivation for the continued weakness of the husband over the medium term, provided the recent support levels break 1.2200 first
In the short term
On the daily chart is limited to the price levels of resistance to 1.2570 1.2200 support since the beginning of this year the upward trend with continued strong regression support the 200 day moving average 1.2350 downtrend resistance line master
The pair now 1.2290 price
Important resistors for today
1.2300
1.2320
1.2340
Waldoum
1.2285.
1.2041
1.2240
Overall
As long as the price is the lowest line downward trend may continue downside Outlook 1.2520 and with broken 1.2200 could reach levels of 1.2150 soon
The emerging situation requires positive closing above 1.2320 resistance first and then a nearby support 1.2520 positive stochastic
We recommend the purchase of day trading support and stop loss below 1.2200, candle four hours may be appropriate with profit at 1.2410 resistance
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