EUR/CHF Technical Analysis Aug 1, 2011

The EUR/CHF continued its relentless march south on Friday, as traders ran for cover after a bad GDP number out of the USA. The pair is a safe haven, and as such – this pair gets sold in bad times. The Euro has its own problems as well, so it is likely to continue selling off. The pair is a sell on rallies, and we would like to see a bounce towards 1.15 to get short again.

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