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Swiss Franc Doji at Mid December Pivot

Swiss Franc Doji at Mid December Pivot

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_usd-chf_body_usdchf.png, Swiss Franc Doji at Mid December Pivot

Prepared by Jamie Saettele, CMT

The USDCHF put the 12/21 low to test today and formed a doji today, giving scope to a bounce. Yesterday’s comment that “an impulse (5 waves) from 9574 may be nearing completion” remains valid. The implications are for a return to 9380. The next downside levels of interest would be 9176 (12/8 low) and 9065 (11/30 low).

Bottom Line – flat

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