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Update 11/30/2006 11:35pm EST

Our trade idea from below has triggered at 1.5900 and pt1 was almost cleared at 1.5860. We may be helped with German and Eurozone Manufacturing PMI at 3:55 am EST and Eurozone Unemplyment rate at 5:00 am EST. Keep an eye out for those reports for any weakness should help push our trade on to further profitability.

Cross-Eyeing: EUR/CHF 11/30/2006 3:00 am EST

It looks like EUR/CHF is still on the rise, but slowing as it approaches the weekly trendline and the 61% Fibonacci retracement line. If the pair drops from here we will short the pair. Here’s a trade idea:

Short EUR/CHF at 1.5900, stop at 1.5950, pt1 at 1.5860, pt2 at 1.5800

If the pair continues to rise, then we can get in at a better price! Here’s a short trade idea in case the pair rises to the weekly trend line:

Short EUR/CHF at 1.5930, stop at 1.5980, pt1 at 1.5890, pt2 at 1.5850

This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.