Monday, July 16, 2012

USD/CHF Jul 16-2012

Trade Idea USD/CHF intraday: under pressure.

Pivot: 0.99.
Our Preference: SHORT positions @ 0.9845 with 0.9785 & 0.976 as next targets.
Alternative scenario: The upside penetration of 0.985 will call for 0.9875 & 0.99.
Comment: the pair has broken below a bullish channel lower boundary and remains under pressure.

Disclaimer The analysis we provide is based on the average estimate of price movements in one day. Does not guarantee what we deliver is actually a proper and correct. Everything that happens in the decisions you make on your trading transaction is to be Your responsibilities.
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