Greetings.
Let’s take a look at the EUR/CHF hourly chart.
We saw a strong move up from the low in August and it looks like the upward movement may potentially be fizzling out.
Look for a potential upward retracement from current price level (1.2150) to potential price points of 1.2250, 1.2400 then 1.2600. You can see a strong trend line in our chart so look for the currency pair to potentially test this price level.
Once we see the retracement complete, then look for a potential move back down.
Good luck with trading.
C2FX Forex Trade Sheet
For 2011:
• +5,327 long term pips
• +1291 pips short term trades
• +50-100 pips per week average on quick trading
To find out more about the C2FX Forex Trade Sheet, visit www.ProPipper.com.
