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February 10, 2012

USD/CHF Ranging Between 0.9088 and 0.9264

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The bearish bias we saw in the previous update did not materialize into a breakout to the downside. Instead the market edged lower but bounced off the 0.9088 level. A The 1H chart shows that this came after a bullish divergence with the RSI reading and the rally pushed this indicator of momentum... FF News: Technical

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