USD/CHF Mid-Day Outlook
With 0.7801 resistance intact, USD/CHF's fall is still expected to continue and should be targeting 200% projection of 0.8519 to 0.8081 from 0.8277 at 0.7401. On the upside, break of 0.7801 resistance will indicate short term bottoming and bring stronger rebound. Nevertheless, before that, we'll stay bearish even in case of recovery.
Read the rest of this entry »
Read the rest of this entry »
This entry was posted on Monday, August 8th, 2011 at 12:47 pm and is filed under Technical Forex. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.