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11 Feb 2013
Forex: USD/CHF takes profit at 0.9199
The USD/CHF continues to fail at reaching 0.9200. The pair has been moving higher since 0.9157 European session low and reached as high as 0.9199 on the NY opening, where profit taking didn't allow an extension higher. The market trades at 0.9186 (+0.17%).
It's been reported that the G7 might release a currency-related statement, about the so-called “currency war”. The economic calendar is empty. Exception made for the FOMC member Yellen speech at 18:00 GMT.
“I think today the price may be corrected towards the level of 0.9110 and then start moving upwards to reach the target at 0.9230”, wrote Roboforex.com analyst Igor Sayadov, pointing to 0.9300 as target of this correctional wave.
It's been reported that the G7 might release a currency-related statement, about the so-called “currency war”. The economic calendar is empty. Exception made for the FOMC member Yellen speech at 18:00 GMT.
“I think today the price may be corrected towards the level of 0.9110 and then start moving upwards to reach the target at 0.9230”, wrote Roboforex.com analyst Igor Sayadov, pointing to 0.9300 as target of this correctional wave.