USD/CHF analysis of the week (4h candlesticks)

By IBTimes Staff Reporter | February 02 2010 5:39 AM

1.06 has not been broken and the price seems to make a correction towards the lower band of its bullish channel. However, the parity is still moving into its channel, we maintain to trade only long positions on the parity. If the price get out of its channel, a sell signal will be given but we advise to wait the break out of 1.05 before taking short positons.

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