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EUR/CHF Presents Scalping Opportunity As Broader Volatility Increases

By John Rivera, Currency Analyst
29 October 2009 15:17 GMT

Key Technical Levels

JR1029a

Although price action today continues to trade in a tight 20 pip range today, its choppy nature provides better scalping opportunities. We have recently seen the EUR/CHF trade in a narrow 150 pip range which will limit potential losses on any form of a breakout

JR1029b

JR1029c

Quantitative Metrics

A Bollinger Band width of 250 pips and an ATR of 41 pips make the EUR/CHF the king of consistency and the ideal pair to trade for scalpers looking to take advantage of small movements.

JR1029d

JR1029e

Click For Additional Info On Scalping Strategies

To discuss this report or be added to the email list, contact John Rivera, Currency Analyst: jrivera@fxcm.com

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
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29 October 2009 15:17 GMT