USD/CHF Bullish Outlook June 02, 2011 (Daily Strategy)
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USD/CHF
The United States dollar – Swiss Franc pair continues its
southward journey as part of a downwards trend that,technically, could
present stagnation and change the trend in the short term.
Recommend buy only if the price is above the first weekly support
around the 0.8446 level. It is possible to enter a buy deal already at
the present price levels, although another wave downwards the important
support level at 0.8346 is also likely. Such a move will serve us to
increase the buy position with a brief stop loss order set around the
0.8250 level. A partial realization can be carried out next to the
nearest 0.8775 resistance weekly pivot level, should the expected upward
movement indeed occur
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