USD/CHF Technical Analysis July 13, 2011

The USD/CHF pair fell on Tuesday, but remains stuck in the recent consolidation range between 0.85 and 0.83. The pair looks weak, and has been in a downtrend for years, but a sell at this level could see you waiting out a potential breakdown of the bottom of this box. (This could be a long time – you never know.) Because of this, we are looking for a close on the daily chart below the 0.83 level to sell.

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Forex Mansion