Thursday, July 19, 2012

USD/CHF Jul 19-2012

Trade Idea USD/CHF intraday: under pressure.

Pivot: 0.98.
Our Preference: SHORT positions @ 0.979 with targets @ 0.9755 & 0.974.
Alternative scenario: The upside breakout of 0.98 will open the way to 0.983 & 0.985.
Comment: the pair is rebounding but stands below its new resistance.

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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