Rabu, 08 Agustus 2007

8.8 EUR/CHF

Aug. 8- I was able to close previous opened hedge positions in profit.

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EUR/CHF 4hr chart. Price penetrating the trendline indicates a possible full recovery of the unwinding. We have a double bottom on the chart. "If" price breach the 50 fib level (the neckline), we might see 1.6685 again. This will take days, there should be a small correction first from the current up swing.

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