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Technical Analysis for USDCHF 8 Mar 2010 PDF Print E-mail
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Monday, 08 March 2010

As you can see on my h4 chart below, the USDCHF still trapped in range area of 1.0888 – 1.0640 area indicating consolidation but still in the context of major bullish scenario. The bias is neutral in nearest term and I think the best strategy is to short around 1.0888 or long around 1.0640 with tight stop loss. Break above 1.0888 – 1.0900 area should continue the bullish scenario targeting 1.1000 while a break below 1.0640 should trigger further bearish correction towards 1.0507 area.

http://i233.photobucket.com/albums/ee189/ariestomaster/ImageProxy-1987.jpg

 
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