EUR/CHF Technical Analysis August 8, 2011

The EUR/CHF pair rose on Friday, and fell just short of the 1.10 area at the end of the session. The pair is decidedly weak, and the area has produced reactions lately – so we are paying attention to the shorter-time frame charts in order to get a sell signal. The pair certainly wants to fall, but the current volatility in the markets makes the timing important. We look for weakness near 1.10 and sell if we get the signal. We will not buy this pair under any circumstances.

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