Technical analysis of the EUR/CHF parity on July 5th, 2010

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#1 05-07-2010 16:38:10

Bruno: Administrateur; Registered: 07-12-2008; Posts: 4541; Reputation : 0

Technical analysis of the EUR/CHF parity on July 5th, 2010

Commentary of the EUR/CHF parity:

The parity is currently making a pullback on 1.33 (now support). Indicators are globaly bullish. If the pullback is validated, we will then advise to trade only long positions as far as 1.33 is support. The break out of the bearish slant (purple line) will then give a new buy signal. However, the break out of 1.33 will give a sell signal. We will then advise to trade only short positions as far as the price is below 1.34. Next supports are at 1.32 and 1.31.

http://www.tribuforex.fr/analyses/FOREX/eurchf-05072010.png

See the previous analysis of the EUR/CHF parity of July 2nd, 2010

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FOREX stands for Foreign Exchange - which means currency market. The Forex market is where currencies are sold, bought, in the form of parity. On the Forex market, all currencies are traded in real time, 24h/24h, 7J/7J. The Forex is open since few years to individuals, single investors wishing to diversify their investments or pure speculators. The access to foreign exchange market for individuals is offered through Forex Brokers.
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