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CHF Trade Signals

---- Entry Stop Target Target 2

* Optimal weighting for first target is 80%. When Target price is achieved set remainder with a stop at break even. Trailing stops can improve the performance of this strategy as well.

CHF Commentary -The pair failed at the 1.2235/40 area early in trading today, casting price on a downward path. Bids into the 1.2210/15 area were quickly absorbed as was 1.2200 support. Stops tripped in the break into the high 1.2100 area, in the move under 1.2190, but with the Euro cross bouncing the price steadied slightly into early American trading. Overnight EUR/CHF pushed to a fresh all-time high at 1.6298. The cross eased but bids into 1.6280 have propped to keep the sub- 1.6275 stops intact for the moment while on the topside stops are also noted above 1.6300/05 with key technical resistance at 1.6320.

Looking ahead, the early US Challenger and ADP numbers give the markets further insight into where the risk is skewed for the March Employment report. Following this the 14:00 GMT release of February Factory Orders and ISM Non- Manf. data will take the focus. Into the European closes and the Fisher speech in Texas (due 16:30 GMT) will be eyed.