Confessions of a Forex Trader

The USDCHF traded in a medium term range since the earliest days of July, but now the USDCHF officially broke that range:

USDCHF

This triggered a bearish market condition and only short opportunities are in play.

I have the next LT support level in the USDCHF at 1.0187 (getting closer to the parity).

Trade Safe!

Raul Lopez
http://www.straightforex.com/

Tags: USDCHF analysis

This entry was posted on Thursday, August 19th, 2010 at 2:32 pm and is filed under Technical. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.