Swiss Franc Inside Day Signals Consolidation
240 Minute Bars
Prepared by Jamie Saettele, CMT
I wrote last Thursday to “expect one final drop (under 9155). A Fibonacci confluence at 9105/10 may produce the low (100% extension of 9574-9306 decline and 161.8% extension of 9379-9234 decline). The December low at 9065 is also of interest.” The Friday low at 9098 has held and today’s inside day (higher low and lower high than previous day) presents an opportunity to play a break of Friday’s range. 9065 is of interest in the event of a bearish break and 9300-9400 is of interest in the event of a bullish break.
Bottom Line – flat
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