Friday, July 20, 2012

USD/CHF Jul 20-2012


Trade Idea USD/CHF intraday: rebound.

Pivot: 0.98.
Our Preference: LONG positions @ 0.978 with 0.983 & 0.985 in sight.
Alternative scenario: The downside penetration of 0.977 will call for a slide towards 0.974 & 0.971.
Comment: the pair is rebounding on its support.


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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