Critical resistance in the September Swiss is seen up at 1.1213 and then not until the 1.1230 level.Support moves up to the 1.1177 level and that support will rise to 1.1182 on Wednesday. Apparently the Swisshas also been able to discount discouraging German Ifo numbers and that is primarily due to the strength in theEuro.
Technical Outlook: Momentum studies are trending higher from mid-range, which should support a movehigher if resistance levels are penetrated. The close above the 9-day moving average is a positive short-termindicator for trend. The market has a slightly positive tilt with the close over the swing pivot. The next upsideobjective is 112.18. The next area of resistance is around 112.08 and 112.18, while 1st support hits today at111.74 and below there at 111.49.