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FX Thoughts for the day - Evening - 25-Jul-2006....1217 GMT

From news_archive.php?id=6666

$-Swiss @ 1.2451/6...Buy dip viable R: 1.2464 / 1.2491 S: 1.2421 / 1.2400 / 1.2371 $-Swiss dipped to a low of 1.2421 during the day but has bounced a bit from there. Now this low has become an important Support for the day. Further Supports 1.2400 and 1.2371, the latter lying on a trendline on the daily, joining the lows of 1.2187 (7-July-06) and 1.2348 (23-July-06). While the market trades above 1.2425-00, the focus may shift towards the upside, targeting 1.2517. Before that, Resistances at 1.2464 and 1.2491 would have to be broken. A buy on a dip towards 1.2400-2390 is still a viable option. Cable @ ... (full story)

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