05-21-2010, 07:22 AM
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Superior Investor
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Join Date: Sep 2008
Posts: 11,435
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EUR/CHF Daily Outlook
EUR/CHF had another sharp rally and soared to as high 1.4587 but once again retreated sharply. The break of 1.4465 resistance bears important technical implications as it suggests that a medium term bottom is formed at 1.4002. While some more volatility is anticipated, we'd expect more short positions to be closed out in near term and the cross would likely continue to rebound further.
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