Aug 23 2007
USD/CHF At Key Level, Move is Imminent.
There is a stable consolidation on the 1.2060 level for the fifth consecutive day. The daily charts are showing a triple doji formation, and are now in neutral territory. The 4 Hour chart support the neutral signals. The extremely neutral status of the pair indicates that a violent move is imminent, and could be on any direction. A recommended strategy might be to wait for a clear signal before entering the market.
My Forex Blog
