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Technicals

USD/CHF - Dollar Swiss Franc, European Session - 25/07/08

24 Jul, 2008 @ 10:18 pm EST
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1,0340. USD CHF is in a consolidation after the last bullish movement. The price is just bellow 1,0400 resistance. The volatility is low. Oscillators are neutral. The consolidation should continue. The price should continue to move in 1,0300 / 1,0400 range. If the support is broken then the target will be 1,0090.
We are waiting for a break of support to take a short position.
Resistances
1,0355 - 1,0400
Supports
1,0330 - 1,0300

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