USD/CHF Technical Analysis for July 1, 2011

The USD/CHF pair skyrocketed in the earlier hours of Thursday, but fell quite hard in the latter hours. This shows that the trend is nowhere near being broken, and we still like selling rallies. If we get to the 0.85 area – we would be aggressive in that position. We don’t know if we get that opportunity, but we certainly will not buy.

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