Monday, April 25, 2011

Hourly Forex Trading Strategy #CHF - Still exploring Daily 87.80 support.

Although the Dollar continues to explore Daily 87.80 channel support, we believe the market is ending a trend sequence from 90.10 and more importantly 93.10. Thus expect more 87.70 to 89.00 consolidation as the market builds a base for a return to 90.10. Below 87.70 threatens to extend the downside ratchet to 87.20 and possibly even 86.50 before higher. (Ref:

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