USD/CHF Technical Analysis August 8, 2011

The USD/CHF pair had a wild day during the Friday session, but eventually ended up fairly unchanged in the end. The pair is a “sell only” pair as far as we are concerned, and as such are waiting to see one of two things: Either a break of the Friday lows in order to get short or a bounce to 0.80 in order to sell. We will not buy this pair as the trend is far too strong to fight.

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