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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 901
Posted: Feb 22, 2010 5:00
Comments: 901
Forum Topic:
CHF
Discuss CHF
December 20, 2010 20:31 ET EURCHF giving buy signal on hourly chart.
December 20, 2010 20:40 ET First resistance at 1.2725. If taken target is 1.2860.
December 20, 2010 20:46 ET I smell a big reversal brewing in CHF. USDCHF could well be heading twds 1.0000 again, respectively EURCHF twds 1.3200 at least.
So, am I reversing my bullish call in USDCHF? yes, I think any rebound will be limited at 1.01 and downside could show us 0.94 and 0.93. But the GREATER upside in CHF is likely to take place against other currencies, which i will talk about in my Jan 23 FX workshop
Ashraf
could weaken CHF as estimated 500 $blns of evaded taxes in CHF.