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Old 08-21-2008, 02:20 AM
DailyFx's Avatar
FX Analyst
FX-Men Honorary Member
 

Join Date: Jan 2007
Posts: 10,134
Default EUR/CHF Short-Term Outlook

Currency Pair: EUR/CHF

Chart: 15 Min Charts

Short-Term Bias: Short




Price action for the EUR/CHF has held within the 1.5986 to 1.6374 range since May, and may offer profitable opportunities for forex traders. After finding support at 1.6097 last week, the euro has gained momentum to the upside, and looks to have found resistance at 1.6204 (78.6% Fib level).

Be sure to check out Jamie’s Technical Outlook for the major currency pairs.
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