Wednesday, September 27, 2006

EUR/CHF (1.5815)
HEADING FOR HIGHER LEVELS...




Euro is ready for 1.5821 breakout for new higher level against Swiss. This pair find the strong bottom-out at 1.5795. And even it retraced minimum level of 23.6% at 1.5802. On Hourly charts it resisting at 1.5821 break above that level it kiss at 1.5830-1.5852 and 1.5874. Hourly RSI is gradually heading for overbought region. By pattern wise it sounds very good going long on Euro.