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Disclaimer: This is my personal Blog, reflecting my very own views on Forex , shares and commodity tradings. As such, all informations provided here are barely for information purposes only,. The author should not be held liable for any errors, incomplete information, delayed messages, or for any actions taken in reliance on information contained herein.This blog is new, being established on 06,May.2010. While I am executing trades, posting will be sent simultaneously. The date/Time indicated here is of US Pacific zone(++15 Hours for Singapore/KL/Beijing, Or ++7 hours GMT)

Tuesday, November 15, 2011

Euro/Chf is to retest its recent Low near 1.2130 again ?

The endless problems on  political/ economic / Bond spread and upsurging Bond yield over 7.0% , and with free pouring of bad news from EU, we predict that the Euros -Chf  currency pegging policy may fail rather quickly.

The currency Pair Euro/Chf has stalled near the 1.2450- 1.2420 region which may signal the formation of Temporary Top.

The Trading indicators on Longer term time frames (H4, Daily, Weekly) have shown bearish divergence.

We predict that Euros/Chf currency pair may retest the 1.2300 shortly, the Ichimoku Cloud top support on the H4 / Daily Chart.. The breaching of this support may expose the recent Low near 1.2100-1.2000
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