USD/CHF Technical Analysis for the Week of July 25, 2011

The USD/CHF pair rose and retested the 1.18 level to prove it as resistance. The former support level proved too strong for the markets, and the pair fell again. The reality is the massive bear market continues, and should do so into the foreseeable future. The pair is a great “sell on the rally” pair, as that strategy has worked for years.

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