Thursday, July 22, 2010

USDCHF--at support

USDCHF has dropped to support with a low of 1.0398. That's just two pips below the 1.0400 that was double tested last week but even though the second of two hourly candles seems to be trying to base I find the vigor of the move down a bit troubling. My buy order was executed at 1.0414. I have a tight stop obviously. Let's see what happens.

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