03rd FEB - USD/CHF Slip Back Nearing First Supports
03 February 2012
WEEKLY CHART:
Recovery here breached channel top resistance, with focus turning to the 0.9674 Mar-08 low as next possible resistance, which has been effective.
Later on, the higher 0.9955 61.8% recovery level and higher rising return line are the next technical levels of note.
DAILY CHART:
The current slip back leaves our next Fibo projection at 0.9724 out of reach for now.
Current downside focus is on potential support from the 0.9000 23.6% pullback of the recovery from last Aug's low. Below this note support offered by the projected channel base at 0.8890 just now. Breaks of these would suggest a more prolonged corrective phase was underway, with next target being the 0.8635 38.2% retracement area.
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09th FEB - Sugar Still Holding at 76.4% Support Area 
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2ND FEB - Dollar Euro is it a sell?