FOREX ANALYSIS: USDCHF Classic Technical Report 10.25.2012
Prices are showing a Shooting Star candlestick below falling trend line resistance set from the July swing high (0.9326), hinting a move lower is ahead. Initial support lines up in the 0.9213-34 area, with a break below that targeting 0.9042. Alternatively, a break through the trend line targets 0.9420.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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