USD/CHF Technical Analysis for July 8, 2011

USD/CHF rose on Thursday, but fell in retreat when it tested the 0.85 mark. This leads us to believe that the consolidation range between 0.83 and 0.85 will remain intact for the short-term. This pair is in a downtrend, so selling is preferred, but scalping in either direction is possible until we break the range.

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Forex Mansion