Friday, May 11, 2012

Forex pairs to Observe+ Charts


Eur.Usd & USd.Chf
 
Eur.Usd is breaking through strong support levels and if the bears remain in control we might experience a nice move south towards 1.2705 and 1.2624. Do proceed with caution if the bulls manage to bring this pair back above 1.3020—dont hesitate to switch from a bear to a bull. Usd.Chf shows the opposite image with the bulls breaking through strong resistance levels. If the bulls manage to keep it above resistance they’ll be after 0.9572. If the bulls fail to keep it above resistance, expect a u-turn towards 0.9102. 



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