Forex Market Outlook on Majors

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Forex Market Outlook on Majors
Thu, Apr 12 2007, 03:11 GMT
AceTrader
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INTRA-DAY USD/CHF OUTLOOK: 1.2210
Updating time : 12 Apr 2007 02:20 GMT
Despite intra-day cross-inspired rise to 1.2247
, current retreat on dlr's broad-based weakness sug
gests top has possibly been formed n consolidation
with downside bias is seen but below 1.2180 is need
ed to confirm n extend fall fm 1.2284 to 1.2144.
Sell again on recovery with stop abv said res,
break wud risk gain twd 1.2270/75...
Range Forecast
1.2190 / 1.2220
Resistance/Support
R: 1.2258/1.2284/1.2357
S: 1.2180/1.2123/1.2084
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-------------------------------------------------------------Published on
Thu, Apr 12 2007, 03:11 GMT
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