Dollar Franc Outside Day May Signal Reversal
Prepared by Jamie Saettele, CMT
The USDCHF is the exact opposite of the EURUSD. The outside day warns of a reversal (bullish) and potentially completed 3 wave decline from the January high. 9090-9110 is resistance in the event of additional strength (20 day average and former lows). Support is 9010 and 8980.
Bottom Line – sideways / higher?
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