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USD/CHF Technical Analysis for the Week of Aug 1, 2011

posted by Avatar FXEmpire 997 days ago in USD, CHF, Technical made popular 997 days ago

USD/CHF has broken through the formidable 0.80 barrier as traders are rushing to find safe haven assets to own. Currently, the Swiss Franc is way overvalued, but that means little in the present situation of panic and uncertainty. The pair could bounce slightly here to retest the 0.80 level, which we feel could present a selling opportunity. A brea
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