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EUR/USD Technical Price Outlook: Euro Rally at Risk into Resistance
2022-05-24 15:30:00
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Gold Price Forecast: Real Yields, Weaker USD and Safe Haven Appeal Drive XAU/USD Higher
2022-05-24 08:00:00
Gold Technical Outlook: Gold Price Rebound at Make-or-Break Hurdle
2022-05-23 18:30:00
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Shocking UK PMI Sends the Pound Spiraling: EUR/GBP, GBP/JPY and GBP/USD
2022-05-24 09:42:00
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Yen Technical Outlook: USD/JPY Plunge Threatens Larger Correction
2022-05-24 18:15:00
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Dollar Franc Outside Day May Signal Reversal

Dollar Franc Outside Day May Signal Reversal

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_usd-chf_body_usdchf.png, 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?

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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USD/CHF
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