USD/CHF Technical Analysis for July 19, 2011

The USD/CHF pair rose on Monday, after gapping lower at the open. The pair is most decidedly bearish, but this move may lead the way to a bounce of sorts in the market. Any serious trader knows that these bounces are to be sold as the market is so weak. The 0.83 area above would be a perfect spot to see bearish price action from which to sell.

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Forex Mansion