OSB Daily Technical Analysis for November 18, 2014

Attempts to close above the 20 DMA failed. Pair looking to bounce higher. Further consolidation and retesting of 1.25 area. A close above extends to 1.2635.

Selling pressure continues to push pair lower. A close below Fridays low likely to trigger sell-off and test of the 1.55 handle. Bulls thin on the ground, bounces not likely to draw much interest.

Selling pressure drawing bulls to the table. Pair well supported in the 115.45 area. Look for new highs in the 118.00 area.

Treading water on Monday with price action slightly on the bullish side. Pair looking to correct and head lower in the short term as it fails to break cleanly above the 1.13 handle. A close above this level extends to 1.14 area.

Bullish candle with strong buying interest and support for the CHF in the 0.9600 area. Consolidation at this level with bullish momentum waning. A close below yesterdays low sees pair testing 0.95 area.

Gap higher with a test of the 0.88 level failed to keep momentum. Hard subsequent sell off suggests pair continues to be one directional at least for now. Lower prints imminent with 0.85 area being a realistic target.

NOTE

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