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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.

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