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USDCHF Decline Stalls

USDCHF Decline Stalls

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_usd-chf_body_usdchf.png, USDCHF Decline Stalls

Prepared by Jamie Saettele, CMT

No change: “Immediate focus for the USDCHF is 9080, which is defined by the 3/8 low and former support line. Resistance is 9150 but the specter of 5 waves down from 9335 demands that we respect the potential for a deeper corrective advance into 9180/9200 before resumption of the bear trend.”

Bottom Line (next 5 days) – sideways / lower?

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

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