Overview:
USD/CHF: The price is probably going to form strong support at 0.8890 (00% of Fibonacci retracement levels in the H4 chart, it formed the last bearish wave last week, and the level of 0.8890 acts as strong support, as well as it should be noted that the price is going to form a double bottom at this level). The saturation is likely to take place around 0.8900, because this level also forms the second strong support for October 30, 2013. Therefore, it is possible that the market will start showing bullish signs. In other words, buy deals are recommended above 0.889 with the first target seen at the 0.8960 level and further at the 0.9040 level. Thus, it also should be noted that the level of 0.9083 is going to form strong resistance (61.8% of Fibonacci retracement levels) for October 30, 2013.
Intraday technical levels:
Date and Time: 30/10/2013 13:01
Pair: USD/CHF
R3: 0.9196 R2: 0.9099 R1: 0.9036 PP: 0.8939 S1: 0.8876 S2: 0.8779 S3: 0.8716