Thursday, June 9, 2005

Signal #7: Sell USD/CHF at 1.2538

Alan Greenspan today may reinforce expectations that the Federal Reserve will keep raising interest rates to head off inflation, overriding concerns about a slowdown or lower job growth.
However, my alert system has just raised a real-time sell signal on USD/CHF based on the price actions since this morning. At present, I personally think that most traders are now at a crossover point between making the fundamental or technical judgment. For me, I have already made my call firmly due to the technical viewpoint of my alert system.

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