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FX.co ★ EUR/CHF Bullish Outlook, August 11, 2011 (Daily Strategy)

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Forex Analysis

2011-08-11T13:44:20
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EUR/CHF Bullish Outlook, August 11, 2011 (Daily Strategy)

EUR/CHF Bullish Outlook, August 11, 2011 (Daily Strategy)

EUR/CHF

Yesterday the Swiss National Bank stepped forward to increase liquidity in order to stop the hyper-appreciation of the Swiss Franc.

At the technical level, the Euro domination by the CHF could take a break. We believe it is time to buy euros and sell francs to the 1.1040 resistance level.
The MACD indicator shows signs of bullish signal.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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