USDCHF 11-21-06

11-21-06

USDCHF
There was no trade entered on the USDCHF on Sunday or Monday.
The USDCHF slipped below the small area of support at 1.2430 on Monday morning and found support at 1.2402. It is basing near this area of supply at 1.2430 this evening. I will pass on trading the USDCHF until the range opens up to at least 1.2410 to 1.2485.
If you do trade that range, take a partial profit near the 1.2440 area on either a long trade from below or a short trade from above.