USDCHF Daily and Weekly Market Thought 09072010

Big correction last weeks broke last sessions 61.8 fibonacci  from 0.9916,1.1733. But my thought at this levels tell me, good area to open long positions risk profit/loss very interesting . Last low with bullish divergence and tested last bottom (december 2009)  . For bullish view important hold last lows 1.0483 and close daily chart  next sessions above 1.07. Close above 1.07 expect 1.0950 possible extension to 1.1110.
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USDCHF Daily and Weekly Market Thought 09072010