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Trade Idea: USD/CHF - Buy at 1.0425 - forex fx daily current outlook

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Old 01-26-2010, 02:51 PM
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Join Date: Sep 2008
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Default Trade Idea: USD/CHF - Buy at 1.0425

Dollar’s firmness after yesterday’s rebound from 1.0368 signals recent rise from 2009 low of 0.9910 has resumed and break of 1.0497-1.0509 resistance area would confirm and extend gain to 1.0550 and later towards 1.0592 (previous support turned resistance), however, loss of upward momentum should prevent sharp move beyond there and...

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