|
Technical Analysis for USDCHF 8 Mar 2010 |
|
|
|
|
Written by Administrator
|
|
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.
|