Tuesday, March 9, 2010


Here is one I am watching.  I am watching USDCHF for a break up through the red trendline from the November highs on this weekly chart.  The way we are hugging up to this trendline makes it look very likely to break.  A break there puts 1.15 and the monthly trendline firmly in the target.
I was waiting for a pullback to 1.05 or 1.0550 to buy as it is tempting to buy here and go into the trendline with a cushion for the inevitable bumps, but a pullback is not looking too likely today.

USDCHF weekly chart

USDCHF monthly chart

Anyway if this happens there is no need to guess where EURUSD is going, is there?

1 comment:

  1. That USD/CHF weekly chart looks very nice.