usd-chf

The USDCHF is in the exact same position as the EURUSD (just as the inverse). The bullish count remains valid against the low (1.0030) (Friday morning spike would be a truncation) but the triangle count is also valid (red letters). Risk can be moved to 1.0120. 1.0250 is potential resistance.

Jamie Saettele publishes Daily Technicals every weekday morning, COT analysis (published Friday evenings), technical analysis of currency crosses on Monday, Wednesday, and Friday (Euro and Yen crosses), and intraday trading strategy as market action dictates at the DailyFX Forum.  He is the author of Sentiment in the Forex Market.  Follow his intraday market commentary and trades at DailyFX Forex Stream.   Send requests to receive his reports via email to jsaettele@dailyfx.com.

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