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?
Tuesday, March 9, 2010
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That USD/CHF weekly chart looks very nice.
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