EUR/CHF intraday: caution.
26-May-11
07:23
Pivot: 1.235
Our preference: Short positions below 1.235 with targets @ 1.227 & 1.22 in extension.
Alternative scenario: Above 1.235 look for further upside with 1.239 & 1.242 as targets.
Comment: as long as 1.235 is resistance, likely decline to 1.227.
Key levels
1.242
1.239
1.235
1.2317 last
1.227
1.22
1.218
Ticker: EURCHF