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  1. #1
    Specialist Member RCox's Avatar

    Hot Technical Play: USD/CHF Breaks Trendline Resistance !!!

    The USD/CHF is pressuring its highs again and with the EUR/CHF retaking the 1.25 area, the CHF should continue to meet active sellers. US Durable Goods is helping support the Dollar and Stop Losses are likely located above 0.93, which should propel prices if tripped. Opportunity here for hourly CALL options in the USD/CHF at 0.9280.

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    Last edited by RCox; 01-28-2013 at 02:03 PM.

  2. #2
    Solid Member
    Interesting idea Richard, but I think it is too risky for the moment and will pass it away.

  3. #3
    Specialist Member RCox's Avatar
    USD/CHF at 0.9280 was about 10 ticks from the lows and we are trading mostly sideways here with the EUR/CHF falling back under 1.25. As long as 0.9265 holds, the bias remains the same but successful CALLS will likely depend on another rally in the EUR/CHF.

  4. #4
    Senior Member Grae's Avatar
    .9265 area still holds. Well, maybe we wont wait for long with such a superweek for the dollar on announcements.

  5. #5
    M.J
    M.J is offline
    Veteran Member M.J's Avatar
    Technical analysis and current movement in usd/chf is strongly favoring PUT for short and longterm.

  6. #6
    Legendry Member Michael Hodges's Avatar
    I am bullish on the USD/CHF and the EUR/CHF. Both charts look pretty good for an up leg.

  7. #7
    Veteran Member Ammeo's Avatar
    Quote Originally Posted by Michael Hodges View Post
    I am bullish on the USD/CHF and the EUR/CHF. Both charts look pretty good for an up leg.
    Same......

  8. #8
    Solid Member Peter Green's Avatar
    It looks there are two totally opposite opinions that’s why I will stay away of CHF for some time before the picture looks clear!

  9. #9
    Junior Member
    something to consider guys with the EUR/USD the highest we have seen in over a year. It is a sign that safe haven currencies might be the way of the past. Investors and Banks are taking their money from the Frank and the Pound back into things like the EUR. Something to keep in mind.

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