Swiss Franc Technical Outlook

Published May 2nd, 2008 - 02:39 GMT
Al Bawaba
Al Bawaba

Given the bearish EURUSD bias, we favor the count that we presented Monday on the daily chart that calls for a USDCHF rally to the 1.10 area. 



This bullish forecast remains favored as long as the USDCHF is above 1.0330.  Support should be strong in the 1.0400/40 zone.