I wrote yesterday that with the exception of this unstable long term uptrend (in this pair), the decline from around the 1.0000 parity has had some potential for a more fundamental bearish movement in the price. I took a bearish bias between 0.9990 and 0.9958. This was a great move, and the price actually fell further, supported by a fall in equity markets, which led to a "risk aversion" flow into safe assets such as the Swiss Franc and the Japanese Yen. The bearish momentum appears to be slowing, and although the sell trades still look more attractive, the bullish reversal at any of the nearby support levels may also be an attractive trading session. I do not have any directional bias now on this pair.


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Today I want to share with you my intraday analysis of USD/CHF. 
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