The "clue" of the day seems to be: Fade all short-term breaks - my model sold EURGBP @ .66ish... never lower.. sold EUR @ .55 never lower .. bought DAX @ 6.260 .. pretty much same.... but watch this formation in USD/CHF - we are all well aware that SNB wants it higher - and they are bidding in EURCHF ... but if EURUSD takes out 1.3355 ..then USDCHF may be better be
Wednesday, April 7, 2010
USDCHF potential for break higher?
The "clue" of the day seems to be: Fade all short-term breaks - my model sold EURGBP @ .66ish... never lower.. sold EUR @ .55 never lower .. bought DAX @ 6.260 .. pretty much same.... but watch this formation in USD/CHF - we are all well aware that SNB wants it higher - and they are bidding in EURCHF ... but if EURUSD takes out 1.3355 ..then USDCHF may be better be
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