Sunday, May 25, 2008

FOREXMASTER

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MASTER FOREX

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FOREX

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USD/CHF Mid-Day Outlook

USD/CHF dives further to as low as 1.0275 in early US session, touching mentioned short term channel support. At this point, intraday bias remains on the downside as long as 1.0390 minor resistance holds. As discused before, decisive break of the channel suppot will indicate that whole rebound from 0.9634...

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[Source: Action Insight - Forex Analysis (ActionForex.com)]

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FX Thoughts for the Day

The Support at 1.9685 mentioned in the morning has held up well and has pushed Pound up to 1.9814, within kissing distance of 1.9823 (the projected Max High for the Week, mentioned in the morning). With Support now available at 1.9750, a further rise towards 1.9896, the projected Max High...

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