20100717 - EURPLN, CHFPLN

The EURPLN is still floating between 4.00 - 4.20:

The CHFPLN is near technical (and psychological) level of 3.00:

The odds are CHFPLN will bounce from this level and continue upward. However, we shall also remember that CHFPLN never stayed above 3.00 for long (this post).
The currency market is never simple as it seems to be. In my (subjective) opinion Forex market should be used only for hedging our positions.