USD/CHF - Buy usd/chf - Target: 3290 & 3340

Longer term trade: EUR/GBP
***BUY***

Triangle breakout signals start of a new long-term uptrend. Today`s trendline break and Tuesday`s rebound on Fibo level (on 38.2% of 0.6890-0.6300) suggests that the triangle pattern is completed and we expect a significant rally targeting 0.7100 (61.8% of the triangle), then 0.7255, the previous high and, if cleared out, important rally to 0.7350 (major, 50% of 0.9030-0.5675) and 0.7750 (major, 61.8% of 0.9030-0.5675). Between is the 161.8% extension of the 4 month triangle at 0.7500. Target might be achieved by end of 2003, followed by a 3-7 months decline on beginning of next Year

Buy now - target 0.7350!