Posts Tagged "USDCHF"

USD/CHF

Posted by Svetlin Minev on Jul 8, 2011 in Forex Analysis | 0 comments

Swiss government decided that it will  will not act again on strong CHF. The monetary policy is conducted by the SNB but they have very bad memories after their last intervention. USD/CHF may be bottoming at these levels. Something like inverted head&shoulders is forming and the lower highs/lower lows sequence was broken by a higher low. I would not advise to attempt a long position at this moment. A better strategy would be to wait for a break above 8550 and looking for an entry on...