USD/CHF Technical Analysis August 11, 2011

USD/CHF barely moved on Wednesday, even as the rest of the markets around the world fell apart. The pair was unusually quiet, and as such – we feel that a bounce could be coming. This would only be a selling opportunity of course, and the 0.75 level would be a great place to short from, but we will have to wait to see if this comes about. The breaking of the lows would be a selling opportunity as well, and we wouldn’t hesitate to take that signal. The market being this quiet certainly has us becoming more and more patient for the longer-term set up that surely will come soon.

Leave a Reply

Your email address will not be published. Required fields are marked *