20091121 - EURPLN, CHFPLN

The EURPLN has bounced from primary low:

The CHFPLN behaves similar, however its drop was not so dynamic:


The daily swings in currencies can be quite misleading.
We should remember, that in technical approach, we shouldn't play against primary trend. Therefore, all rallies now can be only used for liquidating our long positions.
Nevertheless, we should always watch the price charts closely and be ready to act as soon as market trend reverses.

1 comment:

  1. GregorskiNovember 26, 2009 at 11:47 AM

    Is there any chance you can add GBPPLN to your currency analyses ?

    ReplyDelete

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