ISE FX Swiss Franc: under pressure.

By Trading Central
28 July 2010 @ 08:50 am EDT

Update on supports and resistances.

Resistance3 : 112
Resistance2 : 109
Resistance1 : 107
Last Price : 106
Pivot Point: 107
Support1 : 103.9
Support2 : 102
Support3 : 100

Pivot: 107

Our preference: Short positions below 107 with targets @ 103.9 & 102 in extension.

Alternative scenario: Above 107 look for further upside with 109 & 112 as targets.

Comment: the RSI has broken below its rising trend line.

112
109
107
106 (last)
103.9
102
100



*USD/CHF Index: the ISE Exchange measures the strength and weakness of the US DOLLAR versus the SWISS FRANC. For details go to www.ise.com

For more forex information go to www.tradingcentral.com

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