EUR/CHF Technical Analysis August 2, 2011

EUR/CHF absolutely fell apart on Monday as traders piled into the Franc. The pair even came close to challenging the 1.10 mark, which we had suggested it would target recently. (We didn’t however; think that it was going to be in a sudden move like this.) By all measures this pair is oversold – but that hasn’t mattered before, so we are looking for rallies to sell.

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