Trade Idea Update: USD/CHF – Buy at 1.0530

As the greenback rallied on active cross-selling in Swiss franc in reaction to the rumors of possible action by SNB, reviving our bullishness and the breach of 1.0564 resistance signals the rise from 1.0394 low remains in progress, should bring retracement of recent decline to minor resistance at 1.0618, then

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Trade Idea Update: USD/CHF – Buy at 1.0530

Tags: breach, rise, rumors, snb, Swiss

This entry was posted on Tuesday, July 27th, 2010 at 3:29 am and is filed under Action Forex News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.