USD/CHF Technical Analysis July 21, 2011

The USD/CHF fell on Wednesday, reversing much of the gains in this market that came on Tuesday. The pair is most certainly in a bear market, and we feel that only selling can be done. We like the idea of selling any and all rallies, as that strategy has worked for several years. Expect some bit of support around this area, (0.82) which could prove to be minor support.

Leave a Reply

Your email address will not be published.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