Thursday, May 15, 2008

Today's Market Outlook

USDCHF: Recovery from 22 Apr higher low at 0.9997 peaked at 1.0625 on 08 May, before reversing through 1.0550/42 to leave a failed upwards break above 1.0607, 02 May former top. Steady decline to 1.0390 followed, with subsequent recovery to 1.0508/10, ahead of downleg to 1.0409. Fresh upside attempt now...



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