USD/CHF Technical Analysis April 27, 2011

The USD/CHF market fell today, breaking to all-time lows as it broke below the 0.88 mark, an area that was once almost impenetrable – at least last week. The pair looks weak, and selling is the only direction to go. Buying is too risky, as this bear market continues to roar. Look to sell this pair any time it rises, as it shows over and over again that it simply is a “sell only” pair.

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