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Swiss Franc Looking for Parity

By Tim Shea,
09 September 2010 14:17 GMT

Weekly Bars

eliottWaves_usd-chf_1_body_100909_085202_CQG_IC_Screen.png, Swiss Franc Looking for Parity

Prepared by Jamie Saettele

“Longer term (months out), I am USD bullish but there is no evidence to suggest that the USDCHF will find a bottom and reverse anytime soon. At this point, it appears that 10130 will fail and lead to a drop below the 2009 low of 9916. That could complete a 2 year correction from 12300.” Only a move above 10245 would begin to suggest something bullish.

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09 September 2010 14:17 GMT