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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