30 November 2007 - 13:23Trade of the day 11/30 #2

The bargain hunters won the day and the PCE helped lift the Greenback this morning.  I do expect sentiment to turn next week and profit taking to kick in this afternoon.  Short USD/CHF now that the dust has settled from the data releases this morning.  It tried the key level of $1.13 and failed it and the pattern visible on the 4 hour and daily chart is now complete.  The data today was Franc positive so get in now if you want or wait untill Sunday or Monday if you are weary of new positions at this point.